Janet Babin, Economic Development Reporter, WNYC News
Janet Babin is a reporter at WNYC covering economic development.
New York Gov. Andrew Cuomo announced Wednesday that over $95 million will be allocated to fund affordable housing projects in the state this year.
"In 2014 every New Yorker deserves a safe, decent and affordable place to call home," Governor Cuomo said in a statement.
Some state programs received increased allocations this year, like the Housing Trust Fund (HTF).
But according to a WNYC a review of state data for 2013, federal resources will fund about a third of New York State's affordable housing allocation.
Barika Williams, policy director at the Association for Neighborhood and Housing Development (ANHD), said it's a troubling trend.
Advocates were quick to publicly praise the Cuomo Administration for its allocation, but privately some affordable housing developers said the amount was a drop in the bucket, and that far more resources are needed, especially because the federal allocations to the state continue to dwindle.