N.Y. Leaders Welcome $100M from Capital Projects Fund

New York state will use $100 million from the U.S. Treasury Capital Projects Fund to connect 100,000 households to affordable broadband, Gov. Kathy Hochul (D) and other state leaders said Wednesday. "This critical funding to unlock high-speed internet for thousands of New York renters will build on the success of our ConnectALL broadband initiative while supporting the goals our five-year plan to build and preserve more affordable housing,” Hochul said. Sen. Chuck Schumer (D) said the money “will go directly towards closing the digital divide.” Sen. Kirsten Gillibrand (D) is “proud,” she said. “During the pandemic, we saw how important high-quality broadband is for business, health care, school, and more.” The funding is a “key piece” of the Biden administration’s broadband investment, said Treasury Deputy Secretary Wally Adeyemo.