Region will receive $6.4M in low-income housing tax credits - The Business Review (Albany):

uvepexatawus.blogspot.com
million in federal low income housing tax credits and subsidies will be used to construcr and rehabilitate 381 units of affordable housing in countiess throughout theCapital Region. The fundinvg is part of $48 million in awardz that will create morethan 2,100 affordable housing units and 2,000 new construction jobs Approximately 350 jobs are expected to be created in the Capital Region. will receive $995,000 for the Clifton Park Seniort Apartments in the town ofClifton Park. The housinv will consist of 70 units for low andvery low-income Units will be energy-efficient and residents will have access to an outdood recreation area, laundry facilities, and computer lab.
, $946,000 for 43 units • , $1,315,852 for 80 units • LLC in Columbia $1,430,000 for 168 units , $1,709,098 for 20 units The housing developments will also be eligibles for additional funding through the federal American Reinvestment andRecovery Act. New York is eligiblse for approximately $250 million in tax credif assistance programstimulus funding, whichb helps affordable housing projects bridge potentiapl financing gaps.