The Dutchess County Housing Trust Fund (HTF) was established in 2022 in response to long-standing housing availability and affordability challenges throughout the county. The HTF provides a flexible and nimble funding source to aid the implementation of a variety of affordable housing efforts as outlined in the 2022 Dutchess County Housing Needs Assessment.
The awards announced in March 2023, for the first funding round of the HTF's Housing Creation and Preservation program, totaled $8,996,134 as follows:
• 30-32 Smith Street. New construction, three-family in the City of Poughkeepsie. Three HCP units, three total units. Funding award - $346,134.
• 9-13 Noxon Street. Rehabilitation, 16 single-room-occupancy units in the City of Poughkeepsie. 16 HCP units, 16 total units. Funding award - $1,910,000.
• Two Cross Street. New construction and rehab, 18 total units in the City of Beacon. Nine HCP unit, 18 total units. Funding award - $1,575,000.
• Wallace Campus. New construction and rehab, 187 total units in the City of Poughkeepsie. 29 HCP units, 187 total units. Funding award - $2,200,000.
• Alpine Commons. New construction, 144 total units in the Town of Wappinger. 132 HCP units, 144 total units. Funding award - $1,500,000.
• Schatz Redevelopment. New construction, 250 units in the Town of Poughkeepsie. 225 HCP units, 250 total units. Funding award - $1,465,000.
Goals of the Dutchess County Housing Trust Fund include:
The Housing Trust Fund's framework includes three overarching programs, each with a variety of potential eligible activities. For each funding round, the County will indicate which programs and activities are eligible for funding at that time.
Housing Creation and Preservation (HCP) Program:
Infrastructure and Pre-Development Support (IPDS) Program:
First-Time Homeownership (FTH) Program: