City of Binghamton Receives $10 Million From Downtown Revitalization Initiative; Villages of Bath and Dryden Receive $4.5 Million Each From NY Forward
Localities Must Be Certified Under Governor Hochul’s Pro-Housing Communities Program To Receive DRI or NY Forward Funding
Governor Kathy Hochul today announced that Binghamton will receive $10 million in funding as the Southern Tier winner of the eighth round of the Downtown Revitalization Initiative, and the Villages of Bath and Dryden will each receive $4.5 million as the Southern Tier winners of the third round of NY Forward. For Round 8 of the Downtown Revitalization Initiative and Round 3 of the NY Forward Program, each of the State's 10 economic development regions are being awarded $10 million from each program to make for a total state commitment of $200 million in funding and investments, to help communities boost their economies by transforming downtowns into vibrant neighborhoods.
“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.”
To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul's Pro-Housing Communities Program — an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 273 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $100 million in funding to cover infrastructure projects necessary to create new housing in Pro-Housing Communities, and a further $10 million to technical assistance to help communities seeking to foster housing growth and associated municipal development.
Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing — 1,823 of which are affordable or workforce. The programs committed over $8.5 million to 11 projects that provide affordable or free child care and child care worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.
$10 Million Downtown Revitalization Initiative Award for Binghamton
The City of Binghamton’s Clinton Street Neighborhood Business District is primed for revitalization. Its historic storefronts, walkable footprint, development ready spaces and proximity to Binghamton’s urban core make it ready-built as the next great downtown in Upstate New York. The Clinton Street corridor is recognized as the “backbone” of the City’s First Ward, providing a social center with dense commercial activity proximate to nearby residential areas. The area has a storied history of immigration, a legacy still felt today in the diverse churches and neighborhoods of the First Ward. The area also boasts a history of a “walk to work” culture fostered by General Aniline and Film (GAF)/Anitec Industries, a former area employer who attracted economic and social activity in the neighborhood. Binghamton seeks to make Clinton Street a reinvigorated corridor better connected to the city and serving the First Ward neighborhood through support for infill development, expanded affordable housing, adaptive reuse and rehabilitation and enhanced public infrastructure. Combined, these improvements will offer a welcoming, eclectic atmosphere fostering innovation, entrepreneurship and retail activity while retaining cultural and historical heritage.
$4.5 Million NY Forward Award for Bath
Situated along the scenic Cohocton River, the Village of Bath is a historic planned community that serves as a “Gateway” to Keuka Lake — renowned for its scenery, wineries and vineyards. The Village of Bath has experienced significant changes over the past decade and has recognized the need to strengthen its core and return to its role as the downtown neighborhood that people experience and enjoy. The Village’s Liberty Street Historic District revitalization is the next step in this journey. The Village seeks to bolster growth by creating an active downtown with enhanced public spaces, strategic placement of amenities and new housing opportunities that will attract visitors and foster an atmosphere that will retain and attract residents and businesses.
$4.5 Million NY Forward Award for Dryden
Dryden is an ideal place for young families to grow and for older generations to age. Home to just over 2,000 residents, Dryden has developed over time as a small bedroom community to the nearby cities and universities and as an extremely high traveled and visited community. With median home values and rents that are affordable to all, Dryden’s parks, tree-lined sidewalks and friendly neighborhoods make it a desirable small community to live in, promoting a high quality of life. Dryden seeks to reinvest in its historic downtown by continuing to support an attractive and inviting Main Street with a robust mix of shopping, dining and residential spaces to foster a high quality of life for its residents. The Village will foster a welcoming and walkable downtown community where residents can live a sustainable lifestyle in friendly neighborhoods with convenient access to goods and services.
New York Secretary of State Walter T. Mosley said, “The Downtown Revitalization Initiative and NY Forward program are playing a pivotal part in the resurgence of the Southern Tier region. The three communities selected as winners for this round — Binghamton, Bath and Dryden — are all focused on creating walkable downtowns with increased housing and economic opportunities that will improve the quality of life for existing residents and attract even more people to their communities. We look forward to seeing the exciting projects these communities select to make their visions for the future become a reality.”
Empire State Development President, CEO and Commissioner Hope Knight said, “These dynamic, community-led Downtown Revitalization Initiative and NY Forward investments will further fuel the economic engines needed to support local businesses, create new housing and foster growth in the City of Binghamton and the villages of Bath and Dryden. The transformational, inclusive plans will infuse new life into these communities, creating innovative spaces and places that will benefit both current and future generations of residents and visitors, showcasing all that the Southern Tier region has to offer.”
Read the full press release here.