BINGHAMTON (WBNG) - Governor Cuomo announced $3 Million in state funding to support the North Main Revitalization Housing Project, a partnership between the City of Binghamton and First Ward Action Council to create 23 affordable apartments.
It is part of the $98 million that has been awarded to create 1,054 affordable homes in 20 separate developments across New York. This funding is intended to help revitalize communities, fight homelessness, and expand access to energy-efficient, affordable housing opportunities.
“Today’s announcement is a major win for the City of Binghamton," said Mayor Rich David, "We’re continuing to deliver results on the priorities of expanding access to safe, quality affordable housing and revitalizing neighborhoods."
The project will build on a first phase of development, completed in 2019, to transform Crandall Street with 37 new units of affordable housing and save the historic 47 North St. building.
The North of Main Revitalization project will rehabilitate six properties and construct one new building to create 23 affordable apartments in the North of Main Street neighborhood:
· 10 Edwards Street
· 12 Mather Street
· 15 Mather Street
· 17 Mather Street
· 43 North Street
· 42 North Street
· 95 Walnut St. (new construction)
The development sites are all located in a four-block area, in close proximity to First Ward Action Council’s recent Crandall & North Street Revitalization project.
The City is providing $275,000 in federal HOME funding. The total project cost is $8.1 million and construction is slated to begin later this year.