BINGHAMTON, N.Y. — Binghamton Mayor Jared Kraham on Oct. 16 announced plans to allocate $1.9 million to support three housing projects in the city of Binghamton.
The funding comes from the city’s allocation of federal HOME-American Rescue Plan Program (HOME-ARP) funds. The Binghamton City Council still needs to approve Kraham’s proposal.
Under Kraham’s proposal, the City of Binghamton will award $900,000 for Metro Interfaith to redevelop an abandoned, blighted apartment building at 109 Oak St. into eight affordable rental units for families at risk of housing instability.
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Located across from Binghamton High School, the long-vacant, four-story building will be renovated into modern three- and four-bedroom apartments. The project plans to preserve the historical details of the building, which is listed on the New York State Register of Historic Places, per the announcement on the city’s website.
In addition, an $800,000 award will support the First Ward Action Council’s First Ward Gateway Revitalization Project, which will build 38 units of affordable housing and two commercial spaces across multiple parcels. The project includes renovation of seven “long-neglected” structures in the First Ward and new construction on three vacant lots on Clinton and Front streets.
Another $205,525 award for the Broome County Urban League will expand homelessness prevention and rapid re-housing services. The funding will support the Urban League’s work to provide tenants with emergency financial assistance to avoid eviction or utility shut-offs; security deposits and first month’s rent for new housing; housing case management and navigation; and other wraparound services.
“These projects build on the progress Binghamton has made to expand access to quality affordable housing and deliver real change to our neighborhoods,” Kraham said. “I appreciate the vision of our non-profit partners and look forward to working with them to tackle blight, build new housing and provide critical services to tenants. This is the type of action that has made Binghamton a leader in responding to the statewide housing crisis.”
All three nonprofits responded to a request for proposals that the City of Binghamton had issued in August for $1.9 million in federal funds to address the need for homelessness assistance and supportive services.
The proposals were reviewed by a committee that included Binghamton’s director of planning, housing and community development, the city’s HUD manager, the city’s housing specialist, a representative of the mayor’s office, and a Binghamton City Council representative. HUD is short for the U.S. Department of Housing and Urban Development.
