$13M coming to Buffalo for economic development

Oct 18, 2017

New York State is getting nearly $150 million in federal funding for affordable housing and economic development - and $13 million of that is coming to Buffalo.

Credit Chris Caya / WBFO News File Photo

The funding is being provided by the Office of Community Planning and Development, part of the federal Department of Housing and Urban Development.

It is broken down into a community development block grant of nearly $73 million and $76.6 million for housing. Communities will use the money for affordable housing initiatives, anti-poverty programs and economic development.

New York City will get the bulk of the housing money, more than $53 million, and New York State will receive $45 million - or more than half - of the block grant for economic development.

However, Buffalo tops the economic development list at more than $13 million, Rochester will get $7.4 million and Albany just over $3 million.