New York State's housing agencies have approved a total of $263.1 million in financing and grants to build and renovate affordable housing, promote business development and create jobs. The first award is $258.4 million from the boards of the New York State Housing Finance Agency (HFA) and the Affordable Housing Corporation to create and preserve 1,347 units of housing. The second award is more than $4.7 million from the board of the Housing Trust Fund Corporation through New York State's Subprime Foreclosure Prevention Services Program and Community Development Block Grant Program.

To read the entire press release by the HFA and see a list of approved projects, click here.