New Affordable Housing Projects Announced For Binghamton

Today, October 16, 2025, plans to allocate $1.9 million to support three housing projects in the City of Binghamton were announced.

Mayor Jared Kraham's announcement noted that the funding would come from the City’s allocation of the federal HOME-American Rescue Plan Program.

Three Housing Projects Named

Metro Interfaith funding would amount to $900,000. This funding would be allocated to redevelop an abandoned apartment building located at 109 Oak Street in Binghamton. This building will be converted into eight affordable rental units for families at risk of housing instability.

$800,000 of the funding would go to support the First Ward Action Council’s First Ward Gateway Revitalization Project. This project includes 38 units of affordable housing and two commercial spaces across multiple parcels in Binghamton's First Ward, along with new construction on three vacant lots on Clinton and Front streets.

Lastly, the Broome County Urban League would be allocated $205,525 for the expansion of homelessness prevention and rapid re-housing services, providing tenants with emergency financial assistance to avoid eviction and utility shut-offs, among other services.

These projects build on the progress Binghamton has made to expand access to quality affordable housing and deliver real change to our neighborhoods. I appreciate the vision of our non-profit partners and look forward to working with them to tackle blight, build new housing and provide critical services to tenants. This is the type of action that has made Binghamton a leader in responding to the statewide housing crisis. - City of Binghamton Mayor Jared Kraham

According to Mayor Kraham's announcement, this proposal was reviewed by a committee that included the City’s Director of Planning, Housing and Community Development, the City’s HUD Manager, the City’s Housing Specialist, a representative of the Mayor’s Office, and a City Council representative

This funding allocation addresses a range of needs in our efforts to provide sustainable affordable housing in Binghamton, putting First Ward Action Council's scattered site project over the top, ensuring that construction will begin this year, jumpstarting Metro Interfaith's exciting and challenging new affordable housing project on Oak Street, and providing immediate help in the form of a boost to the Urban League's direct rent assistance program. - Robert Cavanaugh II, Binghamton Councilman 3rd District

The proposal awaits approval by Binghamton's City Council. For more information, visit Binghamton Mayor Jared Kraham's website.