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$26 million for affordable homeownership in New York

Staff Writer |
Governor Andrew M. Cuomo announced the availability of $26 million for the Affordable Home Ownership Development Program in New York.




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.


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