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NY
City of Albany HOME Investment Partnerships Program
Federal HOME funds for affordable housing development, rehabilitation, and assistance in Albany.
About this program
Albany uses HOME Investment Partnerships Program funds through ACDA to support affordable housing activities such as rental development, rehabilitation, homeownership assistance, and nonprofit housing partner projects for low-income households.
Eligibility
Affordable housing developers, nonprofit housing organizations, public agencies, and eligible partners serving low-income households in Albany.
Requirements
- Meet HOME income, affordability, eligible cost, and property standards
- Provide site control, project budget, financing plan, and long-term affordability commitments
- Complete underwriting, environmental review, and federal compliance requirements