# New York State Revitalizes Troy Public Housing

New York State completed a **$152 million** revitalization project in September 2026, renovating 341 affordable public housing units across four complexes in Troy, NY. This effort is part of Governor Kathy Hochul's broader $25 billion five-year Housing Plan aimed at creating or preserving 100,000 affordable homes statewide. The project integrates energy efficiency upgrades, historic preservation, and modernization of living conditions, supported by a combination of public funds, federal Low-Income Housing Tax Credits, and private investment including financial partnership with JPMorganChase. The initiative involves key state agencies such as New York State Homes and Community Renewal (HCR), New York State Energy Research and Development Authority (NYSERDA), and the Office of Parks, Recreation, and Historic Preservation, alongside municipal entities like the Troy Housing Authority and private sector prime contractor MDG Real Estate Partners.

- **Why this matters:** Procurement professionals should note the scale and funding mix of this affordable housing revitalization, highlighting opportunities for contractors specializing in energy-efficient construction, historic preservation, and affordable housing development.
- The involvement of multiple state agencies and private financial partners indicates a collaborative procurement environment with complex compliance and reporting requirements.
- Companies with expertise in public housing modernization and sustainable building practices may find increased demand in New York State's ongoing housing initiatives.
- Procurement teams should consider the integration of federal Low-Income Housing Tax Credits and public-private partnerships as key factors in structuring future affordable housing projects.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Physical Infrastructure
**Published:** September 23, 2026

### Government Entities
- New York State Homes and Community Renewal (HCR)
- Troy Housing Authority
- New York State Office of Parks, Recreation, and Historic Preservation
- New York State Energy Research and Development Authority (NYSERDA)

### Vendors
- MDG Real Estate Partners, LLC (prime contractor)
- JPMorganChase (financial partner)

### Key Quotes
> My administration continues to invest in projects that preserve affordable housing, including public housing developments that are vital to their communities.
> — Kathy Hochul, Governor

### Sources
- [Governor Hochul Announces Revitalization of 341 Units of Affordable Public Housing in Troy | Governor Kathy Hochul | New York State](https://www.governor.ny.gov/news/governor-hochul-announces-revitalization-341-units-affordable-public-housing-troy) - NY