Write a commentGovernor Kathy Hochul recently announced that 1,400 households will benefit from more than $46 million in grant awards to support affordable homeownership.
The grants will help low- and moderate-income families make repairs or safety upgrades to their homes, replace manufactured homes, and provide down payment assistance for first-time buyers.
“As housing costs continue to rise, this significant investment will help carve out a path to affordable homeownership for 1,400 New York families,” Governor Hochul said. “My administration is using every tool at our disposal to address the state’s housing crisis, and we will continue to push forward on programs, strategies, and funding initiatives that put New Yorkers in safe, affordable homes.”
The announcement complements Governor Hochul’s $25 billion comprehensive Housing Plan that will create or preserve 100,000 affordable homes, including 10,000 with support services for vulnerable populations plus the electrification of an additional 50,000 homes.
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.
HCR Commissioner RuthAnne Visnauskas said, “Improving access to safe, secure, and affordable housing is important for every New Yorker, but especially for the most vulnerable populations in our communities – seniors, veterans, and those with disabilities. Thankfully, we have a variety of programs that are designed to provide them with the helping hand they need to make their homes safer or be able to afford new homes. We thank all of our local partners for their dedication in creating and preserving housing across New York and for helping those who need it most.”
The Central New York Region received an award of $4,183,870, proposed to serve 109 units. Awards available throughout the entire state total up to $46,743,537 and are proposed to serve a total of 1,401 units.
The awards are made through State and federally funded programs including NYS HOME, NYS Community Development Block Grant, Access to Home, Access to Home for Heroes, Access to Home for Medicaid, Mobile and Manufactured Home Replacement, and RESTORE. Each program accepts applications in an annual competitive funding round.
