pcrowley@adirondackdailyenterprise.com
This conceptual rendering shows an apartment building Regan Development plans to build on Wesvalley Road, Lake Placid.
(Photo provided)
LAKE PLACID — The state of New York is giving a Westchester County developer a big boost of capital to help build 60 apartments deemed affordable for local workers — something identified as being in critically short supply here.
The Wesvalley Road project is the only one in the North Country included in a new round of grants meant to fund 1,054 affordable housing units statewide. Gov. Andrew Cuomo announced the news Wednesday. This latest round, which the state said totaled $98 million, is part of the five-year, $20 billion Housing and Homelessness Plan the state Legislature passed in 2017.