{"id":34577,"date":"2020-03-05T15:32:54","date_gmt":"2020-03-05T20:32:54","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=34577"},"modified":"2020-03-05T22:47:36","modified_gmt":"2020-03-06T03:47:36","slug":"housing-authorities-to-get-state-grant-funds","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/03\/housing-authorities-to-get-state-grant-funds\/","title":{"rendered":"Housing Authorities To Get State Grant Funds"},"content":{"rendered":"

The U.S. Department of Housing and Urban Development (HUD) has awarded more than $2.7 billion to public housing authorities in all 50 states, including those in Saratoga Springs, Mechanicville and Glens Falls.
\nThe funding will allow agencies to make needed capital improvements to their properties. In New York, HUD awarded $653 million to housing authorities in the state.
\nLocally, the Saratoga Housing Authority received $764,749, the Mechanicville Housing Authority received $301,925 and the Glens Falls Housing Authority received $463,186.
\nThe grants are provided through HUD\u2019s Capital Fund Program, which offers annual funding to approximately 2,900 public housing authorities to build, repair, renovate, and\/or modernize the public housing in their communities. Housing authorities use the funding to complete large-scale improvements such as replacing roofs or making energy-efficient upgrades to replace old plumbing and electrical systems.
\n\u201cFew issues at HUD are more important to me than the repair and preservation of public housing,\u201d said Lynne Patton, HUD regional administrator for New York and New Jersey. \u201cHUD\u2019s Capital Fund Program is essential to the restoration of affordable housing because it provides resources to ensure low-income residents live in healthy, safe and sanitary homes.\u201d
\nTo help provide residents with decent, safe and sanitary housing and respond to the growing demand for affordable rental housing, HUD uses the Rental Assistance Demonstration (RAD), a comprehensive strategy that complements the Capital Fund Program. RAD offers a long-term solution to preserve and enhance the country\u2019s affordable housing stock, including leveraging public and private funding to make critically needed improvements.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Department of Housing and Urban Development (HUD) has awarded more than $2.7 billion to public housing authorities in all 50 states, including those in Saratoga Springs, Mechanicville and Glens Falls. The funding will allow agencies to make needed capital improvements to their properties. In New York, HUD awarded $653 million to housing authorities […]<\/p>\n","protected":false},"author":196,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-34577","post","type-post","status-publish","format-standard","hentry","category-economic-development"],"yoast_head":"\r\nHousing Authorities To Get State Grant Funds - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/03\/housing-authorities-to-get-state-grant-funds\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Housing Authorities To Get State Grant Funds - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"The U.S. Department of Housing and Urban Development (HUD) has awarded more than $2.7 billion to public housing authorities in all 50 states, including those in Saratoga Springs, Mechanicville and Glens Falls. The funding will allow agencies to make needed capital improvements to their properties. 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