Governor Kathy Hochul has announced $51 million in grants to support affordable homeownership for 1,060 households across New York State. Administered by New York State Homes and Community Renewal’s Office of Community Renewal, the funds will assist low- and moderate-income families with home repairs, accessibility modifications, safety upgrades, replacement of manufactured homes, and down payment assistance for first-time buyers. This initiative aligns with Governor Hochul’s $25 billion comprehensive Housing Plan, which aims to create and preserve 100,000 affordable homes statewide.
In New York City, $600,000 has been allocated to assist 44 households. These grants will enable homeowners to undertake necessary repairs and modifications, enhancing safety and accessibility. Additionally, first-time homebuyers will receive down payment assistance, facilitating their entry into the housing market. This investment is expected to strengthen local communities by promoting homeownership and improving living conditions for residents.
On Long Island, $2.3 million has been awarded to support 64 households. Similar to the initiatives in New York City, these funds will be used for home repairs, accessibility improvements, and down payment assistance. By addressing the specific needs of low- and moderate-income families, this funding aims to make homeownership more attainable and sustainable, contributing to the overall affordability and quality of housing in the region.
“Increasing access to housing and making homeownership an affordable reality is critical for all New Yorkers,” said RuthAnne Visnauskas, New York State Homes and Community Renewal commissioner. “The $51 million we announced today through a variety of programs will provide resources people need to make necessary home repairs and accessibility modifications, provide help with down payments, replace manufactured homes, and allow more than 1,000 households to live safely and securely in their communities. Thank you to our partners on the ground who are putting this investment to work on behalf of New Yorkers.”
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Leader’s services for New Yorker so should you agree or reject? People with high incomes probably don’t care about this development: Thanks.
the lady looks away
this sounds great but how long will it take or years to get this moving, how long will it take or years when we start to see city of yes in motions, people need truly affordable housing and homes they can afford ASAP building truly affordable housing moves like a dam snail
What a despicable woman.