Affordable Homeownership Opportunity Program
Homes and Community Renewal's Affordable Homeownership Opportunity Program funds sustainable, energy-efficient projects that expand affordable homeownership and address historic disparities across New York State.
Funder: Homes and Community Renewal
Due Dates: Rolling (apply any time; marketing period required before application review)
Funding Amounts: Up to $150,000–$200,000 per home (plus $20,000 for energy efficiency certifications; additional $7,500/unit for heat pumps if eligible); total NYC allocation capped at $150M over 5 years.
Summary: Supports the creation and preservation of affordable homeownership opportunities in New York State through funding for sustainable housing projects.
Key Information: Projects must have at least 5 and generally fewer than 100 homeownership units.
Description
The Affordable Homeownership Opportunity Program (AHOP), administered by New York State Homes and Community Renewal (HCR), aims to expand affordable homeownership across New York State. The program provides financial support for the development, adaptive reuse, or conversion of homes and multifamily buildings into affordable homeownership units. AHOP emphasizes sustainability, innovative construction, and energy efficiency, while also addressing historic disparities in homeownership access and encouraging community revitalization.
