FOR IMMEDIATE RELEASE
May 29, 2024
Two Kingston Projects Awarded Nearly $15 Million in New York State Housing Grants
KINGSTON, NY – Mayor Steven T. Noble is pleased to announce that two projects in the City of Kingston have been awarded housing grants from the Empire State Development’s Mid-Hudson Momentum Fund, a new program aimed to increase the housing supply in the Mid-Hudson region.
Governor Kathy Hochul announced on Wednesday, May 29 that two shovel-ready projects located in Kingston will receive the first round of Mid-Hudson Momentum Fund grants totaling nearly $15 million:
- The Golden Hill project to transform the former Ulster County jail into a new mixed-income and mixed-use community with 164 units of affordable housing in the City of Kingston was awarded $10 million.
- The Barrel Factory Apartments project to construct a 100-unit mixed-use, mixed-income development in the City of Kingston was awarded $4.75 million.
Both projects have been approved by the Kingston Planning Board.
“This is a huge win for Kingston—these two major housing development projects in our city will bring 264 new, much-needed units to our housing inventory,” said Mayor Noble. “Earlier this year, I set an ambitious goal of approving 1,000 units of housing in the near 5 years. With the continued help and generous support of Governor Hochul and her own ambitious housing initiatives, I believe we will meet this goal.”
“Communities all over the Mid-Hudson region are stepping up in extraordinary ways to address the housing crisis, and with these awards, New York is making good on our commitment to supporting them,” Governor Hochul said. “As the first state program to reward our Pro-Housing Communities, the Mid-Hudson Momentum Fund is not just helping them build more housing – it’s helping them chart a path toward a more affordable New York. My administration remains laser-focused on building the homes we need to bring down housing costs, and I am ready to work with any community that wants to join us.”
Read the Governor’s full announcement here: https://www.governor.ny.gov/news/governor-hochul-announces-first-awards-under-mid-hudson-momentum-fund-unlock-housing-potential.