FOR IMMEDIATE RELEASE
March 1, 2024
City of Kingston Calls for Proposal Concepts for Mid-Hudson Momentum Fund
KINGSTON, NY – Mayor Steven T. Noble is pleased announce that the Office of Grants Management will be gathering proposal concepts for the Mid-Hudson Momentum Fund (MHMF) program, which provides grant assistance to mixed-use housing and infrastructure projects throughout the Mid-Hudson region.
The $150 million Empire State Development Mid-Hudson Momentum Fund is specifically designed to address the strain caused by the local population increase exacerbated by COVID. With regional housing stock availability at less than 1% last year, the MHMF is directly addressing the need for new housing development. The program focuses on mixed-use housing and infrastructure projects that will have lasting impacts in the Mid-Hudson Region and that meet the strategic goals of the Mid-Hudson Regional Economic Development Council’s strategic plan. This includes projects that have garnered community support, will result in increased affordable housing, leverage non-State investment, are financially sound, and can begin quickly.
“The State has recognized our region’s housing shortage and that the increasing demands on aging infrastructure systems often present challenges in development,” said Mayor Noble. “We appreciate this investment in the Hudson Valley that will address both issues at once. I encourage anyone with ideas to fill out our form – even if you plan to apply separately from the City of Kingston, this way we can work together to put the best application forward. An example of a partnership might be adding City sewer infrastructure to a property or retrofitting a nearby road. At this point we are collecting ideas so that the City can provide partnership and/or support when beneficial. As a newly designated Pro-Housing Community, applications from the City of Kingston will receive priority.”
MHMF funding may cover the costs of new construction or improvements to essential building elements.
Eligible uses of funds includes:
- Construction, expansion, and rehabilitation of facilities
- Equipment/machinery
- Infrastructure and site development
- Design/engineering related to construction
The City of Kingston’s Grants Management Director, Ruth Ann Devitt-Frank said, “By gathering information about potential projects that developers and other community members may submit, the City can determine how it can assist or take the lead on any applications, particularly for those involving infrastructure. This way, as a community, we’ll be able to put our best foot forward for this competitive program.”
Property owners or organizations with project ideas are encouraged to fill out this form, which will be open until March 11, 2024.
More information about the Mid-Hudson Momentum Fund at https://esd.ny.gov/momentum.