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New York State has introduced the Housing Central New York (HCNY) Fund, a $150 million public-private loan fund to accelerate mixed-income housing development, spurred by Micron Technology's $100 billion semiconductor plant in Onondaga County. The fund, announced on February 19, 2026, is backed by $30 million from Empire State Development and $120 million from private partners, including Micron. HCNY aims to support at least 2,500 new homes over seven years, addressing a projected need for 30,000 additional units in the Syracuse region by 2038.