NYS Announces Availability of CDBG, HOME Housing Funds
The NYS Housing Trust Fund Corporation (HTFC) has announced the availability of approximately $25 million in federal funds for the Community Development Block Grant (CDBG) Program ($15 million) and the HOME Program ($10 million) to support eligible housing activities.
The CDBG Program is a federally funded program that provides resources to non-entitlement communities to enable the development of decent, affordable housing; to create suitable living environments; and to enhance economic opportunities across the state. Non-entitlement localities – generally cities, towns, and villages with a population of less than 50,000 and counties with a population of less than 200,000 – may apply to receive funds for housing activities, including housing rehabilitation, manufactured housing replacement, well and septic replacement, and lateral connection assistance, that primarily benefit low- and moderate-income individuals. Applications will be accepted until Aug. 7, 2023.
The HOME Program is another federally funded program designed to fund residential housing activities to expand the supply of decent, safe, and affordable housing throughout the state. Local governments, not-for-profit corporations, and public housing authorities with recent experience providing relevant housing services to the community may apply for funds to support housing programs and activities including housing rehabilitation, manufactured housing replacement, homebuyer down payment assistance, and tenant-based rental assistance.
More information is available in the May 10th edition of the State Register.
Contact: Annalyse Komoroske Denio, akomoroskedenio@leadingageny.org, 518-867-8866