$2B Housing Fund Inches Forward

One day after Gov. Andrew Cuomo awarded $150 million of the $2 billion set aside to fund affordable and supportive housing projects, advocates applauded Cuomo for further directing New York State Division of Budget officials to sign a long awaited memorandum of understanding initiating a process to release additional promised funds. But the MOU detailing the governor’s plan to spend those funds is already facing some reluctance from the state Assembly and Senate, where they must be approved…