Community development organizations awarded NeighborWorks America grants

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WASHINGTON – RUPCO and Hudson River Housing have been awarded a total of $526,500 in NeighborWorks America grants.

The nonprofit organization brings residents, private-sector business leaders, and representatives of local government together to support affordable housing initiatives, neighborhood revitalization projects, small business lending and more.

RUPCO, Inc., headquartered in Kingston, will receive $356,500 while Hudson River Housing, Inc., based in Poughkeepsie, will receive $170,000.

NeighborWorks America was established by Congress in 1978 as the Neighborhood Reinvestment Corporation and now includes a network of over 250 organizations. It invests in real estate development of multi-family rentals, single-family rentals, for-sale housing, pre- and post-development activities, and provides pending to support residential mortgages, down-payment assistance, and commercial small business lending.

The grants were announced by Senators Charles Schumer and Kirsten Gillibrand.