Interest in living in downtown Albany remains strong. Financing for commercial and entrepreneurial residential developments can be secured through a variety of organizations and programs including Capitalize Albany Corporation’s Real Estate Loan Program, Community Preservation Corporation, Empire State Development Corporation, the City of Albany Industrial Development Agency, New York Office of Parks, Recreation & Historic Preservation, and the New York State Energy Research and Development Authority. These agencies administer a number of loan funds and offer tax incentives to assist in the development of both commercial and non-commercial residential projects.



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