Affordable Home Ownership Development Program
This grant funds organizations to build, rehabilitate, or improve affordable owner-occupied homes for low- and moderate-income families in New York State, aiming to expand homeownership and revitalize communities.
Funder: Homes and Community Renewal
Due Dates: Rolling (Applications accepted until funds are fully appropriated)
Funding Amounts: Up to $75,000 per unit; tiered by affordability and duration; $26M available statewide for 2025–2026.
Summary: Supports governmental, nonprofit, and charitable organizations in developing or improving affordable owner-occupied homes for low- and moderate-income families in New York State.
Key Information: Grants are not made directly to individuals; projects must leverage at least 40% non-AHC funds (except home improvement).
Description
The Affordable Home Ownership Development Program, administered by the New York State Affordable Housing Corporation (AHC) within Homes and Community Renewal, provides competitive grants to governmental, not-for-profit, and charitable organizations. Funding supports the construction, acquisition/rehabilitation, or improvement of owner-occupied dwellings (up to four units, including condos, co-ops, and manufactured homes) for low- and moderate-income families. The program aims to expand affordable homeownership opportunities, stimulate community revitalization, and preserve neighborhoods across New York State, especially in markets where few affordable alternatives exist. Grants are evaluated based on community need, leveraging of additional funding, local commitment, and the strength of the development team.
