AHC Home Repair Program (funded by the NYS Affordable Housing Corporation)*
- covers 60% of the cost of repairs
- Home must be located in target area (Berne, Knox, Westerlo, New Scotland,
Rensselaerville, Coeymans, Altamont, Cohoes, and Green Island)
- Household Income must be at or below 80% of the area median income as dictated
by HUD
- Applicant must occupy and own the residence in need of rehabilitation (deed must be
in the applicant's name)
- Mortgage, taxes, and homeowner insurance must be current
HOME Program (funded by the NYS Division of Housing and Community Renewal)*
- Home must be located in target area (Berne, Knox, Westerlo, New Scotland,
Rensselaerville, Coeymans, Altamont, Cohoes, and Green Island)
- Household income must be at or below 50% of the area median income as dictated
by HUD
- Applicant must occupy and own the residence in need of rehabilitation (deed must be
in applicant's name)
- Mortgage, taxes, and homeowner insurance must be current
RESTORE Residential Emergency Service To Offer Repairs to the Elderly Program (funded
by the NYS Division of Housing and Community Renewal)*
- offers assistance to homeowners who are at least 62 years old
- funds are available to assist with small emergency repairs, such as heating,
plumbing, electrical, and structural
- Home must be located in target area (Berne, Knox, Westerlo, New Scotland,
Rensselaerville, Coeymans, Altamont, Cohoes, and Green Island)
- Household income must be at or below 50% of the area median income as dictated
by HUD
- Applicant must occupy and own the residence in need of rehabilitation (deed must be
in applicant's name)
- Mortgage, taxes, and homeowner insurance must be current
Emergency Home Repair Program (NYS Member Item Grant)*
- has all of the same requirements as the RESTORE Program (above), with the
exception of age restriction.
Revolving Loan Fund Program*
- allows ACRHA to fund 0% interest loans
- up to $5,000, for a maximum of 10 years
- funds are intended to be used as a last resort for those who have attempted to obtain
financing elsewhere and have been denied, or in conjunction with one or more of
ACRHA's other programs
- Applicants must own and occupy the home in need of repairs and it must be located
in target area (Berne, Knox, Westerlo, New Scotland, Rensselaerville, Coeymans,
Altamont, Cohoes)
- attend a housing counseling session
- demonstrate an ability and willingness to repay the loan
- pay a $150 processing fee
- A Note and Mortgage is required and will be filed with the Albany County Clerk and a
lien will be placed against the property for the term of the loan or until the loan is paid
in full.
*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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