Story perspectives

New York Invests $453 Million in Housing and Development

12/30/2025

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Summary

Story summary

On December 29, 2025, New York state announced over $453 million for economic development and housing.
The SouthWorks project in Ithaca received $38 million for mixed-use redevelopment, including housing and childcare.
In Tompkins County, funding supports infrastructure and senior housing.
The Regional Economic Development Council aims to support 381 projects statewide.
New York Governor Kathy Hochul praised the investments as vital for the state's future.

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Story summary

On December 29, 2025, New York state announced over $453 million for economic development and housing.
The SouthWorks project in Ithaca received $38 million for mixed-use redevelopment, including housing and childcare.
In Tompkins County, funding supports infrastructure and senior housing.
The Regional Economic Development Council aims to support 381 projects statewide.
New York Governor Kathy Hochul praised the investments as vital for the state's future.