2026 Homebuyer Development Open Funding Round
2026 Homebuyer Development Open Funding Round supports nonprofit developers with acquisition, rehabilitation, and new construction funding to create affordable homeownership opportunities across New York State.
Funder: Homes and Community Renewal
Due Dates: May 1, 2026 (Applications open) | October 30, 2026 (Application deadline)
Funding Amounts: Approximately $10 million available; up to $1 million per award; contracts up to 3 years
Summary: Supports nonprofit developers creating affordable homeownership opportunities through acquisition, rehabilitation, and new construction across New York State.
Key Information: Applicants must complete a pre-application technical assistance meeting with HOME staff before submitting.
Description
The Homebuyer Development Open Funding Round is part of the New York State HOME Program, administered by the Housing Trust Fund Corporation’s Office of Community Renewal through Homes and Community Renewal. Federal HOME Investment Partnerships Program funds support affordable homeownership development throughout New York State, including acquisition, rehabilitation, new construction, and eligible related costs.
This round supports small projects of no more than four single-family properties, with a preference for Community Housing Development Organizations (CHDOs). New construction may include manufactured, modular, and other innovative building models. Proposals must demonstrate local housing demand, a feasible sales plan, sufficient development capacity, and financial resources to carry the project through construction and sale. Completed homes must meet HCR design standards and applicable state and local codes.
