Ithaca Receives $75 Million for Public Housing Renovation
In a press release on Friday, Governor Kathy Hochul announced a $75 million investment through "Southern Tier Soaring" to renovate two public housing units in Ithaca, New York.
According to the press release, three outdated Ithaca Housing Authority properties will be renovated, opening 118 units in total. The housing units will be restricted to households earning at or below 80 percent of the area median income. With funding through the Clean Energy Initiative program, the renovated buildings are designed to be all-electric. The renovations will include both in-unit renovations to floors, bathrooms, kitchens, etc. as well as structural renovations to the buildings themselves to convert them to all-electric buildings. All 118 apartments will be covered by Project-Based Section 8 Housing Assistance Payment contracts.
In her press release, Governor Hochul stated "My administration is steadfast in our commitment to preserving and creating affordable housing that is sustainable, high-quality, and comfortable. Today's $75 million investment will help strengthen communities and provide new opportunities for Ithaca residents. We will continue to upgrade and modernize New York's supply of public housing in the Southern Tier to provide a more stable and equitable future for the next generation."
"The city of Ithaca is pleased to have the support of so many partner agencies in the redevelopment of critically needed low-income housing," said Acting Ithaca Mayor Laura Lewis. "Substantial renovations of Overlook Terrace and Southview Garden and, at Northside Apartments the complete replacement of outdated buildings that were first constructed decades ago, will provide families with high quality and environmentally efficient homes."
The renovation is part of Governor Hochul's five year, $25 billion plan to create or preserve 100,000 affordable homes in New York and make an additional 50,000 all-electric.