Deadline to apply for Affordable Home Ownership Development Program grants is Feb. 16
Updated 4:29 p.m. Jan. 10
St. Lawrence County municipalities and non-profits and others throughout the state have until Feb. 16 to apply for up to $40,000 each in Affordable Home Ownership Development Program grants.The money 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.
"Homeownership is key to economically empowering New Yorkers, while also stimulating the development, preservation and stabilization of our communities. I was pleased to work with my colleagues in the Senate to appropriate these important resources to help promote homeownership for low- and moderate-income individuals and families,” Senator Betty Little, chair of the Senate Committee on Housing, Construction, and Community Development said in a news release from the governor’s office.
Applications are due Feb. 16. More information and the Notice of Funding Availability can be found at http://www.nyshcr.org/Topics/Municipalities/AHCGrants/#_blank.