Affordable Housing Corporation Affordable Home Ownership Development Program
Homes and Community Renewal’s Affordable Housing Corporation grant funds research-driven projects to create and preserve affordable homeownership for low- and moderate-income families across New York State.
Funder: Homes and Community Renewal
Due Dates: Rolling (open until funds are fully appropriated)
Funding Amounts: Up to $75,000 per unit (tiered by affordability/income); $26M total available for FY 2026-2027; most awards require leveraging of other funds.
Summary: Supports the creation and preservation of affordable homeownership for low- and moderate-income families across New York State via grants to eligible organizations.
Key Information: Applications must be submitted as PDFs via email; only organizations (not individuals) may apply.
Description
The Affordable Home Ownership Development Program, administered by the New York State Affordable Housing Corporation (AHC) under Homes and Community Renewal, provides grants to government entities and eligible nonprofits to facilitate the construction, acquisition/rehabilitation, or improvement of owner-occupied homes for low- and moderate-income families throughout New York State. The program aims to expand affordable homeownership options where market alternatives are limited, stimulate community development and stability, and ensure equitable distribution of resources across urban, suburban, and rural areas.
Eligible project types include:
- New construction of owner-occupied homes (including one- to four-family homes, condominiums, cooperatives, and replacement of dilapidated mobile homes)
- Acquisition and rehabilitation of owner-occupied homes
- Home improvements to existing owner-occupied homes
Proposals must focus on a single project type per application.
