Today the Central New York Community Foundation’s board of directors approved a $1 million impact investment into the Housing Central New York Fund, which is an initiative to provide debt financing to qualified developers with mixed-income rental and for-sale housing projects in the Central New York region. The fund was created by Empire State Development and CenterState CEO to create the homes our region urgently needs for its future workforce.
“These dollars will help strengthen healthy, inclusive neighborhoods,” said Melanie Littlejohn, president and CEO of the Community Foundation. “Equally important, this fund creates new pathways for minority- and women-owned developers — and for those who live in the communities they serve — to participate in and benefit from local opportunities. I would like to thank Governor Hochul, Empire State Development, CenterState CEO and our public and private partners. Together we are advancing a more community-centered approach to housing in Central New York.”
Click here to learn more about the fund.
