HOME Investment Partnership Program (New York State)
Type
Capital
Source
Federal
Procurement Agency
New York State Homes and Community Renewal (HCR)
Total Annual Award
In 2010, $10,130,000 was awarded for five projects, with an average of $2 million per project.
Eligible Populations
Low-income individuals and families, defined as households at or below 80% of area median income (AMI). HOME rental projects must primarily serve households with incomes at or below 60% of AMI. There are scoring incentives for projects in which 15% or more of the units are set aside for special needs populations including homeless, mentally ill, substance abuse, domestic violence and physically disabled individuals and families.
Eligible Projects
Permanent supportive housing and afforable housing.
Funding Award Details
Applications are typically made available in November through Homes and Community Renewal's Unified Funding Award process, due in February and announced in the summer. All UFA funds, including HOME, are awarded using the scoring priorities contained in the HCR Qualified Allocation Plan.
In 2010, HCR implemented an early round process, open to projects ready to go into construction within 120 days of the award. These applications were due one month before the rest of the UFA proposals.
Rate Details
The 2010 awards ranged from $830,000 to $2.4 million.
Term of Service/Length of Grant
The project must remain in service for a term of up to 20 years.
Limitations
15% of each allocation of New York State HOME funds is reserved for qualified community housing development organizations (CHDO), in accordance with federal law. Of the remaining funds, a minimum of 80% is reserved for projects that are not located in communities that have been designated by the U.S Department of Housing and Urban Development (HUD) as participating jurisdictions (PJs).
Network Notes
State HOME funds play an important role as gap filler in HCR capital projects under the Unified Funding Round.
For More Information
See HCR's Unified Funding Materials for 2011.
Contact
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Capital District Regional Office Arnon Adler Capital Region contact person Hampton Plaza 38-40 State St., 2nd Floor Albany, NY 12207 Phone: 518-486-5012 Counties Served: Albany, Clinton, Columbia, Delaware, Dutchess, Essex, Fulton, Greene, Hamilton, Montgomery, Orange, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, Sullivan, Ulster, Warren, and Washington. |
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New York City Regional Office Greg Watson Regional Director 25 Beaver St. New York, New York 10004 Phone: 212-480-7644 Fax: 212-480-7164 Counties Served: Bronx, Kings, New York, Queens, Richmond, Nassau, Suffolk, Rockland, and Westchester. |
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Buffalo Regional Office Thomas Van Nortwick Regional Director Electric Tower, Suite 105 535 Washington Street Buffalo, NY 14203 Phone: 716-847-7955 Fax: 716-847-3244 Counties Served: Allegany, Cattaraugus, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orleans, Schuyler, Seneca, Steuben, Wayne, Wyoming, and Yates. |
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Syracuse Regional Office Daniel Buyer Regional Director 620 Erie Blvd. West, Suite 312 Syracuse, NY 13204 Phone: 315-478-7179 Fax: 315-478-7188 Counties Served: Broome, Cayuga, Chenango, Cortland, Franklin, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence, Tioga, and Tompkins. |
Last updated: 09/16/2011
