The BRI and Welcome Home Westchester Pen Letter of Support for Affordable Housing Investment Fund in the Capital Budget
The 2019 Westchester County Housing Needs Assessment and the subsequent years of budget investment to assist with land acquisition and infrastructure projects that would support new housing developments are moving the needle in terms of addressing this shortage and leading local municipalities by example. This year’s proposed budget dedicates $90 million to affordable housing includes $50 million in Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, a part of the American Rescue Plan Act, to establish the Affordable Housing Investment Fund.
If passed by the legislature, this would be the single biggest investment in affordable housing the County has ever made!
28 organizations and businesses offered supportive ideas for recommended uses of the $50 million in the draft 2023 Capital Budget for the Affordable Housing Investment Fund.
We are grateful of the County’s continued commitment to the issue of affordable housing and stand ready to be good partners in terms of positive solutions on this critical issue. – Tim Foley, CEO and Executive Vice President of the Building and Realty Institute