NEW YORK (WBNG) — On Thursday, Governor Kathy Hochul announced that Binghamton would receive $10 million from the Downtown Revitalization Initiative, while Bath and Dryden would each get $4.5 million from NY Forward.
To qualify for DRI or NY Forward funding, municipalities must be certified under Hochul’s Pro-Housing Communities Program, which promotes housing development. $650 million is allocated annually for communities that commit to increasing housing supply, and this year, an additional $100 million is allocated for infrastructure and $10 million for technical assistance.
Dryden Mayor Michael Murphy expressed gratitude for the $4.5 million grant, highlighting collaboration among the board, staff and community to transform Dryden into a thriving hub for families and businesses.
“By investing in the future of these Southern Tier communities, this funding will revitalize their downtown areas by building vibrant and thriving destinations where businesses, families and visitors can flourish,” Governor Hochul said. “With our Pro-Housing Communities initiative, we’re giving local leaders the tools to transform their cities, towns and villages into hubs of opportunity, culture and affordable living. This is how we build stronger, more connected communities that work for everyone across New York.”
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