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Find similar grantsAffordable Home Ownership Development Program (AHOD) is sponsored by New York State Affordable Housing Corporation (AHC). Provides grants to governmental, not-for-profit, and charitable organizations to promote homeownership among low- and moderate-income families and stimulate community development.
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Affordable Home Ownership Development (AHOD) - NYU Furman Center Through the Affordable Home Ownership Development program (AHOD), the New York State Affordable Housing Corporation (AHC) administers grants to governmental, non-profit and charitable groups to build, acquire and rehabilitate, or improve homes for low- and moderate-income families.
The goals of the program are to promote homeownership among families of low- and moderate-income for whom there are few affordable homeownership alternatives in the private market and to stimulate the development, stabilization, and preservation of New York communities.
Grants are not made directly to individual homebuyers or homeowners but to government and non-government sponsors (the grantees) that develop affordable housing or assist homeowners in funding necessary repairs. These grantees are responsible for ensuring that the homebuyers or homeowners are income qualified and otherwise eligible recipients of funds under AHOD.
The New York State Affordable Housing Corporation (AHC) is a public benefit corporation and was established in 1985, pursuant to Section 45-b of the Private Housing Finance Law (PHFL), as a subsidiary of the New York State Housing Finance Agency (HFA) in order to administer AHOD under PHFL Article 19.
Scale: Very Large Scale (over 10,000 units) Timeframe: 1985 - Present Occupancy Tenure: Homeownership Construction Type: New Construction, Rehabilitation Building Type: One- to Four-family Developer/Owners: Government, Non-profit Income: Low-income, Moderate-income
According to the current listing, eligibility includes: Governmental, not-for-profit, and charitable organizations developing affordable housing or assisting homeowners in funding necessary repairs. Confirm the full requirements in the official notice before applying.
The current listing shows up to $75,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Affordable Home Ownership Development Program (AHOD) is funded by New York State Affordable Housing Corporation (AHC). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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