NY Govenor Andrew Cuomo Offers Funding For Manufactured Homeowners
Providing hope for hundreds of New York homeowners, Gov. Andrew Cuomo announced on Wednesday a $5.8 million fund that will also benefit manufactured homeowners.
Aimed at helping “338 income eligible-families,” in the Empire State, the available funds will be granted through New York State Homes and Community Renewal’s Affordable Homeownership Development Program, according to The Daily News.
“This funding will help more New Yorkers in every corner of this state achieve and preserve the American Dream of homeownership,” Cuomo said. “With this program, we are taking one more step toward ensuring every New Yorker has the opportunity to have a safe, decent and affordable place to call home.”
New York State Provides Funding For Repair of Manufactured Homes
Manufactured homes in both a “dilapidated” and average state of repair are eligible for the program administered by the Affordable Housing Corporation (AHC). As of March 2017, the program has benefited over 9,000 homeowners by awarding over $170 million.
Benefiting current owner-occupied single-family residential units, the available funds for NY homeowners covers a wide spectrum of categories. From co-ops to condos and single-family residential units to modular homes, those receiving awards will be required to make home improvements with the funding.
RuthAnne Visnauskas, Commissioner of New York State House and Community Renewal explained these funds are intended to help provide better quality housing and greater stability for NY’s communities and their citizens.
“The Affordable Home Ownership Program works by helping more hardworking families to achieve the dream of homeownership and put down roots leading to more stable and to more vibrant neighborhoods. These awards epitomize Governor Cuomo’s commitment to ensuring that all New Yorkers have access to affordable homes.”
Western New York State will receive $1.8M of the $5.8M available, allowing for 89 qualifying homes to perform deferred repairs. In addition to the $1.8 million, New York State’s Rural Housing Opportunities Corporation will also receive a $35O, 000 grant. With those funds, ten Homeowners in Orleans, Genesee, and Monroe counties seeking rehabilitation or acquisition will have access to help.