The state of New York has announced $51 million in grants to promote affordable homeownership. These funds aim to benefit nearly 1,100 households by providing financial support for necessary home repairs, accessibility modifications, safety improvements, replacement of manufactured homes, and down payment assistance for first-time homebuyers.
RuthAnne Visnauskas, Commissioner of New York State Homes and Community Renewal, stated:
“Expanding access to housing and making homeownership an affordable reality is essential for all New Yorkers. The $51 million announced today through various programs will provide resources to help families make critical home repairs, accessibility modifications, and even replace outdated manufactured homes. Thanks to our local partners, this investment is already working to support over 1,000 families across the state, ensuring they can live safely and securely within their communities.”
The grants, administered by New York State Homes and Community Renewal’s Office of Community Renewal, are designed to preserve affordable housing, support veterans and seniors, improve access to homeownership, and strengthen local economies. Funds are distributed to nonprofit organizations and localities through a variety of state and federally funded programs, including:
- NYS HOME
- Community Development Block Grant (CDBG)
- Access to Home
- Access to Home for Heroes
- Access to Home for Medicaid
- Mobile and Manufactured Home Replacement
- RESTORE
Grant Allocation Breakdown:
| Region | Amount Awarded | Housing Units Assisted |
|---|---|---|
| Capital Region | $9,205,500 | 217 |
| Central New York | $6,145,000 | 104 |
| Finger Lakes | $2,338,444 | 64 |
| Long Island | $2,300,000 | 64 |
| Mid-Hudson | $5,267,000 | 127 |
| Mohawk Valley | $6,703,777 | 70 |
| New York City | $600,000 | 44 |
| North Country | $6,343,600 | 86 |
| Southern Tier | $7,597,480 | 144 |
| Western New York | $4,560,000 | 140 |
| Total | $51,060,801 | 1,060 |
Highlights of the Programs:
- NYS HOME: Supports the acquisition and rehabilitation of single-family homes, down payment assistance, and replacement of substandard manufactured homes. It also offers rental assistance to households earning up to 80% of the area median income.
- CDBG: Provides federal funding to localities for community development projects, including housing rehabilitation and support for first-time low- and moderate-income homebuyers.
- Access to Home: Offers financial assistance to make homes accessible for low- and moderate-income residents with disabilities, enabling them to live safely in their homes.
- Access to Home for Heroes: Focused on veterans, this program ensures housing is accessible for those with disabilities.
- Access to Home for Medicaid: Similar to Access to Home but tailored for Medicaid-eligible individuals with disabilities.
- Mobile and Manufactured Home Replacement: Assists low- and moderate-income homeowners in replacing deteriorated manufactured homes with new, energy-efficient units.
- RESTORE: Provides financial aid to seniors for emergency repairs, addressing health and safety violations to ensure their homes remain livable.
According this publisher, each program operates through an annual competitive funding application process, ensuring that resources are allocated to the most impactful projects.
This significant investment reflects New York State’s commitment to making homeownership more accessible and preserving safe, affordable housing for its residents.