$26 Million Available for Affordable Homeownership Statewide

Applications due February 16, 2018

Assemblyman Fred W. Thiele Jr. (I, D, WF-Sag Harbor) is pleased to announce the availability of $26 million for the Affordable Home Ownership Development Program, according to Governor Cuomo.

Grants can be used to make improvements to existing owner-occupied single or multi-family homes, condominiums, or cooperatives; acquire and rehabilitate owner-occupied homes for sale, including single and multi-family homes, condominiums, or cooperatives; and construct new owner-occupied homes for sale, including single and multi-family homes, condominiums, or cooperatives including dilapidated and manufactured homes.

The Affordable Home Ownership Development Program provides up to $40,000 per home to eligible municipalities, municipal housing authorities, and other not-for-profit and charitable organizations that develop affordable housing or assist income-eligible homeowners in funding necessary repairs. Funds are administered by New York State Homes and Community Renewal's Affordable Housing Corporation, which since 2011, has awarded nearly $198 million to create or improve more than 10,400 homes.

Applications are due February 16, 2018. More information and the Notice of Funding Availability can be found at www.nyshcr.org/Topics/Municipalities/AHCGrants/.