Affordable Home Ownership Development Program
Homes and Community Renewal’s Affordable Home Ownership Development Program funds research-driven projects to build, rehabilitate, and improve affordable owner-occupied homes for low- and moderate-income families in New York State.
Funder: Homes and Community Renewal
Due Dates: Rolling (applications accepted until funds are fully appropriated)
Funding Amounts: Up to $75,000 per unit; total program allocation for 2026-2027 is $26 million; tiered per-unit limits based on affordability terms and income served.
Summary: Supports grants to organizations for new construction, acquisition/rehabilitation, or home improvement of owner-occupied homes for low- and moderate-income families across New York State.
Key Information: Grants are awarded to organizations, not individuals; applications are accepted via email only.
Description
The Affordable Home Ownership Development Program, administered by the New York State Affordable Housing Corporation (AHC) under Homes and Community Renewal (HCR), provides grants to governmental, not-for-profit, and charitable organizations to create and preserve affordable homeownership opportunities for low- and moderate-income families in New York State. The program funds new construction, acquisition/rehabilitation, and home improvement projects for owner-occupied dwellings, aiming to increase access to affordable housing, promote neighborhood stability, and foster community development. Funds are distributed equitably across urban, suburban, and rural areas, and projects are expected to leverage additional private and public funding.
