The Peru Gazette

Includes major projects in Plattsburgh and Watertown

Albany, NY, June 26, 2025 – Governor Kathy Hochul today announced that nearly 3,000 affordable, modern, energy-efficient homes will be created or preserved in communities throughout New York State as a result of $1 billion in housing bonds and subsidies. The latest funding awards help advance the Governor’s commitment to increasing the housing supply and making the State more affordable. The 15 projects receiving funding are part of the Governor’s five-year, $25 billion comprehensive Housing Plan that will create or preserve 100,000 affordable homes across New York State.

“Solving New York’s housing crunch and cutting costs for families hinges on increasing home availability statewide,” Governor Hochul said. “Through these investments, we’re helping produce more affordable, modern, supportive, sustainable housing. This is going to help push costs down, keep our state strong and provide housing opportunities to thousands of New Yorkers.”

• $15 million for Beekman Towers in Plattsburgh – Acquisition and rehabilitation of an 11-story building originally built in 1974 that contains 124 affordable apartments set aside for seniors and people with disabilities. Developed by SpringTide Housing.
• $44 million for Pine Camp Apartments in Watertown – New construction of a four-story building containing 120 affordable apartments, including 80 with supportive services for veterans, seniors, and individuals experiencing homelessness. Developed by DePaul.