1,060 households will benefit from $51 million in grants to support affordable homeownership. The awards, announced on Friday by Governor Kathy Hochul, will help low- and moderate-income families make repairs, accessibility modifications, or safety upgrades to their homes, replace manufactured homes, and provide down payment assistance for first-time buyers.
“This investment will make the dream of homeownership attainable and manageable for more than 1,000 households, allowing families and individuals across New York to live safely and affordably in homes of their own,” Governor Hochul said. “My administration is committed to increasing affordability for families and putting every tool at our disposal to work to address our housing crisis.”
The grants — administered by New York State Homes and Community Renewal’s Office of Community Renewal — were awarded to nonprofit organizations and localities to help preserve affordable housing, support veterans and older New Yorkers, increase access to homeownership, and strengthen local economies.
Each program accepts applications in an annual competitive funding round.
- NYS HOME Program funds can be used to acquire and/or rehabilitate single-family housing, provide down payment assistance, replace dilapidated mobile and manufactured homes as well as provide tenant based rental assistance to households with incomes at or below 80 percent of Area Median Income.
- NYS Community Development Block Grant Program provides federal funds to help localities with projects that improve communities and benefit their residents. Housing grants can be used to rehabilitate owner-occupied or renter-occupied homes, down payment assistance for low- and moderate-income first-time homebuyers, and private water/wastewater system assistance for low- and moderate-income homeowners.
- Access to Home program provides financial assistance to make homes accessible for low- and moderate-income persons with disabilities so that they can continue living safely and comfortably in their residences or return to live in their residences instead of in an institutional setting.
- Access to Home for Heroes provides financial assistance to make homes accessible for low- and moderate-income veterans with disabilities.
- Access to Home for Medicaid provides financial assistance to make residential units accessible for Medicaid-eligible persons with disabilities.
- Mobile and Manufactured Home Replacement program assists low- and moderate-income homeowners to replace dilapidated mobile or manufactured homes that are sited on land owned by the homeowner with a new manufactured, modular, or site-built home.
- RESTORE provides financial resources to assist senior citizens with the cost of making emergency repairs and addressing code violations that pose a threat to their health and safety or affect the livability of the home. Assistance for the cost of these critical repairs enables seniors to continue to live independently in their homes.
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