Westchester Launches New $25-Million Housing Fund

Real Estate In-Depth • June 18, 2026
Westchester Launches New $25-Million Housing Fund

WHITE PLAINS—Westchester County Executive Ken Jenkins announced on June 15 the launch of the county’s Housing Flex Fund II, a new $25-million affordable housing initiative designed to accelerate the development and creation of affordable homes across Westchester County.

 

The application period opens today (June 17) and will remain open through Aug. 21, inviting eligible developers to compete for funding to help advance affordable housing projects in communities throughout the county.

 

Applicants must submit a complete funding package that includes a development proposal, project narrative, financial pro forma and project budget. Eligible rental developments must provide housing for households earning 65% of the Area Median Income or below, while affordable homeownership developments may serve households earning up to 80% of the Area Median Income for a minimum of 50 years.

 

Applications serving those at the lowest incomes possible, including supportive housing units will receive additional priority. Applications will be reviewed after the application period closes, with funding awards expected to be approved later this year and disbursements beginning in 2027.

 

Westchester County Executive Ken Jenkins said, “Every family deserves access to a safe and affordable place to live. Housing Flex Fund II is another example of Westchester County’s commitment to investing in solutions that create housing opportunities and support long-term economic growth. This program will help move important projects from the drawing board to construction, creating more affordable homes for current and future residents.”

 

Applications can be requested by sending an email to: HousingFlexFund2026@westchestercountyny.gov. Starting June 17, developers interested in applying or learning more about Housing Flex Fund II can review program guidelines by visiting the Department of Planning website at: planning.westchestercountyny.gov. Applications can be requested by sending an email to: HousingFlexFund2026@westchestercountyny.gov.

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