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New York State's first Housing Acceleration Fund project closed on financing in Westchester County, at North White Plains, directly across from the Metro-North station. It is $178 million, 296 apartments, 30 of them affordable. This episode goes through the capital stack line by line and corrects the error most coverage will make: the $18 million in state money is not a grant, it is a loan repaid at 3% interest when the building is finished.

In This Episode
(0:00) Cold open, the number everyone is about to get wrong
(0:20) Deep dive, the capital stack, the AMI bands, and why a loan changes the argument
(3:50) What else is happening, New York's Medical Aid in Dying Act takes effect
(4:20) Close

Sources
New York State Homes and Community Renewal, first Housing Acceleration Fund project in Westchester County, July 30, 2026
New York State Department of Health, Medical Aid in Dying law takes effect, August 5, 2026

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