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Access to Home

Program (?) Access to Home
Program Description

The Access to Home program provides financial assistance in the form of a forgivable loan to property owners to make units accessible to low- and moderate-income persons and elderly persons with disabilities. Instead of making grants directly to the end borrower, municipalities and eligible non-profit organizations that have substantial experience in retrofitting homes receive competitive grants from HCR. These entities then provide the forgivable loans to individual property owners.

Occupying renters or homeowners may qualify for assistance if: the occupant is physically disabled or has difficulty with day-to-day activities as a result of aging; the dwelling unit is a permanent residence for the disabled occupant; and total household income does not exceed 80 percent of AMI, or 120 percent of AMI if a veteran. Loans to homeowners will be up to 100 percent of the cost of adaptations, up to a maximum of $25,000. Loans are made at zero-percent interest with payments deferred as long as the customer resides in the rehabilitated residence. The entire loan is forgiven at the end of a regulatory period of up to five years. However, if at any time during the five-year regulatory period the unit becomes vacant, the unit is reserved for occupancy by a household that fits the required income restrictions.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Grant
Government Agency (?) NYS Department of Homes and Community Renewal
Program Information (?)  
Scale Very Large Scale (over 10,000 units produced)
Timeframe 2004-Present
Developer/Owners (?) For-Profit, Non-Profit, Government
Property Information (?)  
Property Occupancy Occupied
Property Type Building
Building Type Multi-family, One- to Four-family
Construction Type Rehabilitation
Occupant Tenure (?) Rental, Homeownership
Occupant Income Restrictions (?) Low-Income
Other Targeting Information (?)

Elderly people and people with disabilities

More Information NYS HCR
Available on CoreData.nyc? No

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