Governor Hochul Launches New $150 Million Housing Central New York Fund
February 20, 2026
New York Governor Kathy Hochul has launched the new Housing Central New York Fund, a $150 million public-private financing initiative designed to accelerate housing production and keep costs down across Central New York. This initiative is intended to help as the region prepares for historic economic growth driven by Micron’s $100 billion investment.
Empire State Development is seeding the revolving loan fund with $30 million, with an additional $120 million from a range of partners, including Broadview, which is investing $20 million. The fund will support the development of at least 2,500 new workforce housing units during its initial seven-year term.
“We are thrilled to partner with Governor Hochul, Empire State Development, CenterState CEO, the Community Preservation Corporation, and other community-minded financial institutions by investing $20 million to support the launch of the Housing Central New York fund,” said Broadview CEO Michael Castellana. “This progressive program will complement the investments being made by New York State, Micron, and others, creating an unprecedented opportunity for Central New York. Broadview looks forward to increasing our presence and being part of the area’s exciting future.”
Click here to learn more about this initiative and to hear from all those involved.
