ALBANY COUNTY RURAL HOUSING ALLIANCE, INC. 2009 PROGRAMS (Throughout Albany County) AHC 60/40 Grant - New York State Affordable Housing Corporation’s 60/40 grant for home repairs. Income at or below 112% of the federal median income limits ($66,416 for a family of four). Eligible homeowners must own and reside in the property to be repaired and be current with mortgage, taxes, and insurance. Grant will pay for 60% of the repair costs. The other 40% can come from homeowner’s funds, private loans, the ACRHA Revolving Loan, USDA 504 loan/grant program for rural properties or other programs when available. Revolving Loan Fund - Up to $5,000 interest free loan from 0 to 10 years to assist low-income homeowners with necessary home repairs. Housing Counseling and the execution of a Note & Mortgage is required. $150.00 loan application fee. Emergency Home Repair Program - Provides emergency home repairs for those households at or below 50% of the median income. Must own and reside in the property to be repaired and be current with mortgage, taxes, and insurance. Covers small repairs that average $200-$300, such as electrical, heating, plumbing and other health and safety hazards. HOME Program - Funding provided by the New York State Housing Trust Fund Corporation. A grant for home repairs on single-unit houses for very low-income homeowners. Nominal homeowner contribution toward cost of repairs may be required. Eligible homeowners must own and reside in the property to be repaired and be current with mortgage, taxes, and insurance. Income eligible at or below 50% of the federal median income limits ($37,050 for a family of four). . Home Down Payment Assistance Grants - For first time homebuyers to purchase a home that will be occupied by the purchaser in the towns of Berne, Coeymans, Green Island, Knox, New Scotland, Rensselaerville, Westerlo and the small city of Cohoes. Homes purchased in these areas will take precedence over homes purchased in the other areas of Albany County. see our fact sheet on Home Down Payment Assistance Grant Program Documents needed to apply for Home Down Payment Assistance Grant Qualifying documents list Information release form Affirmation form *These programs are grant programs and are based on availability of funds. Please check on availability of funds for program. Please Note: A Note and Mortgage may be required for any and all of the programs listed above and a lien may be placed on the property for up to 10 years, unless otherwise specified. |
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| To apply for any Home Repair Program, you will need to download the forms below, fill out the application and asset list, and mail them to our main office, along with the qualifying documents. Please note: Some of the items may need to be updated, depending on length of the waiting period for the program for which you are applying. Home Repair Program Cover Sheet Home Repair Program Application Home Repair Program docs list Asset List Income Guidelines Chart |
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