on Feb 19, 2026
New York State Unveils $150M Housing CNY Fund to Support Regional Housing Development
New York State Unveils $150M Housing CNY Fund to Support Regional Housing Development
New York Governor Kathy Hochul announced the launch of the $150 million Housing CNY Fund, a major public‑private initiative designed to accelerate housing development across Central New York as the region prepares for transformational job growth driven by Micron’s $100 billion investment in the region. HR&A is proud to have authored the 2023 housing demand study that identified the need for 30,000 additional housing units and to have supported New York Empire State Development in envisioning, funding, and launching the Housing CNY Fund.
This fund, managed by the Community Preservation Corporation, provides a critical financing tool to help advance projects facing rising costs, high interest rates, and other development hurdles—ensuring that needed housing can move forward at the pace regional growth requires.
HR&A is honored to support the State and regional partners in turning this vision into practical solutions for Central New York’s future. Congratulations to Empire State Development, the Community Preservation Corporation, CenterState CEO, and all partners driving this important step forward.
Read the full press release here.
Read the full 2023 housing demand study here.
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