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HOME Investment Partnership Program (New York Localities)

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Status: Closed

Type

Capital, Operating

Source

Federal

Procurement Agency

Local Government

Summary

HOME provides funding for both for capital and operating funds for supportive housing projects. Other local uses include first time home buyers assistance, rehabilition costs for low-income homeowners and modular home programs.

Tenant Eligibility Criteria

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. All subpopulations may be served with HOME funding.

Eligible Applicants

Nonprofit and for-profit developers of supportive and affordable housing.

Amount

Grants vary in amount. Across New York State, 28 participating jurisdictions receive direct federal HOME allocations.

Rental assistance must fall within Fair Market Rent (FMR) guidelines.

Term

Capital grant terms will vary by location and project. Rental assistance may be for short- or medium-term (up to 18 months) as a bridge to longer term rental assistance (i.e. Section 8 Housing Choice Vouchers).

Network Notes

For More Information

NYS HCR provides additional information on utilizing these funds.

Contact

Contact your local Community Development Office in entitlement areas.

Last updated: 08/27/2019

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