- Associated Press - Thursday, July 14, 2016

ALBANY, N.Y. (AP) - Nearly $1 million in federal grants will be allocated to organizations in upstate New York to improve access to affordable housing and homeownership.

A total of $936,606 will be distributed to regional housing organizations in the Albany area, Rochester, central and western New York, and the Southern Tier.

The money from the U.S. Department of Housing and Urban Development will provide financial counseling services to new homebuyers, homeowners and renters. That includes teaching individuals how to budget, establishing and improving credit, saving for a home, and relationships with bankers.

Sens. Charles Schumer and Kirsten Gillibrand helped secure the funding and say counseling programs have been proven to stem the tide of foreclosures. They call the grants a sound investment.


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