New York state is directing more than $19 million toward the construction of 56 factory-built starter homes as part of Gov. Kathy Hochul’s effort to expand affordable homeownership.
The funding, awarded through the second round of Hochul’s MOVE-IN NY program, will create new homes in the cities of Amsterdam, Auburn, Lackawanna, and Schenectady and the town of East Hampton.
The program uses CrossMod homes, which are manufactured in factories and can be built in a fraction of the time and at nearly half the cost of standard site-built construction. State officials say the typical cost to build a small single-family home onsite in New York has climbed to more than $450,000.
The new homes are expected to be sited this summer and will be sold below the cost of construction to low- and moderate-income buyers.
Four organizations received awards: the AHA Development Corporation, $3,025,000 for 10 homes; the Capital Region Land Bank, $6,655,000 for 22 homes; the Lackawanna Housing Development Corporation, $2,420,000 for 8 homes; and the town of East Hampton, $7,040,000 for 16 homes.
The latest awards bring the total number of homes funded through MOVE-IN NY to 128. The program is backed by $50 million secured in the state’s fiscal year 2025-26 budget.
Hochul has also proposed an additional $100 million in her fiscal year 2027 executive budget to further expand the program.
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