Assembly Leads the Way Preserving Housing, Economic Development And Community Renewal Programs

New York, NY – April 1, 2011 – (RealEstateRama) — Assembly Speaker Sheldon Silver and Housing Committee Chair Vito Lopez today announced agreement on legislation to restore $6 million for the Neighborhood Preservation Program and the Rural Preservation Program. The agreement provides $8.4 million for the Neighborhood Preservation Program and $3.5 million for the Rural Preservation Program. These restorations bring both programs to their 2010-11 funding levels, preserving the vital work that they do in the areas of affordable housing, economic development and community renewal.