Governor Hochul Announces First Awards Under Mid-Hudson Momentum Fund to Unlock Housing Potential and Build More Than 2,400 Homes in New York’s Mid-Hudson Region

Empire State Development President, CEO and Commissioner Hope Knight said, “With the first round of awards from the Mid-Hudson Momentum Fund, families will soon have more choices for where they choose to live. Under Governor Hochul’s leadership, we are developing much needed, mixed-use and infrastructure projects and improving the overall quality of life in the region.”

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “New York is truly becoming known as the nation’s Pro-Housing state. These projects will benefit communities and thousands of their residents in so many ways – from new construction of hundreds of new homes and funding essential infrastructure improvements to transforming a former jail into modern apartments. I am honored to be part of an Administration that is dedicated to care and compassion in seeking to improve the lives and choices of every one of the State’s residents.”

Dutchess County Executive Sue Serino said, “Governor Hochul’s strategic investment of $150 million to address the increasing demand for housing and infrastructure will pay dividends in our region for decades. Housing and infrastructure are essential components to retain and attract residents young and old and to support and grow our business community.”

Governor Hochul announced the $150 million Mid-Hudson Momentum Fund last year as part of a statewide commitment to increasing New York’s housing supply, addressing the housing crisis, and reducing housing costs for New Yorkers. The Fund is focused on mixed-use housing and essential infrastructure projects that directly support housing growth in the Mid-Hudson Region. Winning projects were selected based on alignment with the Mid-Hudson Regional Economic Development Council’s strategic plan, public support, the number of affordable housing units being created and, for infrastructure projects, their ability to either create or upgrade systems with a demonstrated connection to increasing housing density.