Request for Media Coverage
New York State Affordable Housing Corporation (AHC) Announces New Grant Program to Revitalize Buffalo Neighborhoods
NEW YORK, NY (11/07/2007)(readMedia)-- --
What: | NYS Affordable Housing Corporation (AHC) President Priscilla Almodovar, Buffalo | |
Mayor Byron Brown, Assemblyman Sam Hoyt, local elected officials and representatives of not-for-profit organizations hold a press conference to announce a unique new grant program to help revitalize blighted Buffalo neighborhoods. | ||
When: | Thursday, November 8, 2007 | |
4:00 p.m. | ||
Where: | The corner of Brayton and West Utica Streets, just west of Richmond Avenue | |
Contact: | Philip Lentz | |
AHC Director of Communications | ||
212-688-4000 ext. 679 (office) | ||
646-710-0162 (cell) | ||
plentz@nyhomes.org | ||
Background: | ||
The City of Buffalo estimates that there are more than 10,000 vacant structures in the city. Because abandoned properties impose huge costs on the city and the quality of life of individual neighborhoods, the City recently announced a “5 in 5” Demolition Plan to remove 1,000 vacant homes a year for the next five years. However, it is recognized that revitalizing neighborhoods involves more than demolition. AHC’s new grant program will build upon existing programs to stabilize neighborhoods and help with the economic resurgence of Buffalo.
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AHC is a subsidiary of the NYS Housing Finance Agency and was established in 1985 to promote homeownership by low- and moderate-income households. Financial assistance approved annually by the New York State Legislature, combined with private and public investment, is used for the construction, acquisition, rehabilitation and improvement of owner-occupied housing.
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