NYS HOME Program
Forecasted
NYS HOME Program supports housing organizations and developers with rehabilitation, homebuyer assistance, rental aid, and small-scale construction to expand affordable housing across New York State.
This grant was recently updated
The 2026 Homebuyer Development round is now closed, replacing the previously announced October 30, 2026 closing date, and will reopen in early 2027. Current application materials are for guidance and may change for the next round.
Funder: Homes and Community Renewal
Due Dates (Anticipated): September 2027 (HOME Local) | October 2027 (Homebuyer Development)
Funding Amounts: HOME Local: up to $1.7 million for 30 months | Homebuyer Development: up to $1 million for up to 3 years
Summary: Supports affordable housing rehabilitation, homebuyer assistance, manufactured home replacement, rental assistance, and small-scale homebuyer development across New York State.
Key Information: Homebuyer Development applicants must complete an OCR technical assistance meeting before applying.
Description
The NYS HOME Program uses federal HOME Investment Partnerships Program funds allocated by HUD to expand decent, safe, affordable housing throughout New York State. Homes and Community Renewal’s Housing Trust Fund Corporation administers the program through its Office of Community Renewal (OCR), supporting housing acquisition, rehabilitation, construction, and assistance for low-income homeowners, homebuyers, and renters.
HOME Local funds organizations administering homeowner rehabilitation, down payment assistance, manufactured housing replacement, or tenant-based rental assistance. Homebuyer Development supports nonprofit developers substantially rehabilitating or constructing one to four single-family homes for sale to eligible buyers. Local market need, organizational capacity, housing quality, and continued affordability are central considerations. The published funding-round materials are guidance for the next cycle and are subject to change.
