NY GOVERNOR: Over $13 million allocated for Lewis County, Lowville to build and preserve affordable housing

LOWVILLE- Governor Kathy Hochul and Congressman Paul Tonko have announced more than $270 million has been awarded through the federal Low-Income Housing Tax Credit and subsidies to create or preserve more than 1,800 affordable, supportive, and sustainable homes in 28 separate developments across New York State.

This development includes our local North Country region, as $5 million of this funding has been set aside for apartment projects in Lowville, NY.

The main objective for this project, according to the Governor’s Office, is to preserve and moderate rehabilitation of four occupied, adjacent apartment buildings that collectively include 40 affordable units, including funding from HCR and NYSERDA’s Clean Energy Initiative.

In addition, another $8.6 million has been awarded for General Martin Apartments in the town of Martinsburg, Lewis County: Adaptive reuse of a former elementary school and new construction of an adjacent building to create 63 affordable apartments.

“Solving New York’s housing crisis comes down to one simple strategy: building more housing,” Governor Hochul said.

“These critical federal resources make it possible for us to provide New Yorkers with new opportunities to access affordable, modern, sustainable homes that also provide access to childcare, supportive services, and the amenities that individuals and families need to thrive.”

Financing for the projects is allocated by New York State Homes and Community Renewal (HCR), which provided $61 million in Federal and State Low Income Housing Tax Credits and over $200 million in subsidy to support the 28 projects.

When coupled with additional private funding and resources, the projects receiving funding are expected to create over $1 billion in total investment.

All awarded projects meet HCR’s sustainability standards, which promote healthier living environments and support the goals set by the New York State Climate Leadership and Community Protection Act.

Several awarded projects will receive funding from the Clean Energy Initiative, a partnership with HCR and the New York State Energy Research and Development Authority, to achieve even higher levels of sustainability and carbon reduction.

In addition, each of the awarded developments offer free broadband internet services to residents, building on the Governor’s ConnectALL initiative, which has made historic investments to deliver high-speed internet in underserved communities and close the digital divide for lower-income New Yorkers.

Image via the office of New York Governor Kathy Hochul.

***This story was updated with additional information as of 10:35 A.M. Thursday, March 20, 2025***