Directory of New York City Affordable Housing Programs
| Program (?) | Residential Emergency Services to Offer (Home) Repairs to the Elderly |
|---|---|
| Abbreviation | RESTORE |
| Benefit Classification (?) | |
| Supply or Demand | Demand |
| One-Time or Ongoing | One-Time |
| Benefit Type (?) | Financing, Grant |
| Government Agency (?) | NYS Department of Homes and Community Renewal |
| Program Information (?) | |
| Scale | N/A |
| Developer/Owners (?) | For-Profit, Non-Profit, Government |
| Property Information (?) | |
| Property Occupancy | Occupied |
| Property Type | Building |
| Building Type | One- to Four-family |
| Construction Type | Rehabilitation |
| Occupant Tenure (?) | Homeownership |
| Occupant Income Restrictions (?) | Low-Income |
| Other Targeting Information (?) | Only low-income homeowners over the age of 60 are eligible |
| More Information | NYS HCR |
RESTORE provides assistance to low-income elderly homeowners. RESTORE funds may be used to pay for the cost of emergency repairs that eliminate hazardous conditions in homes owned by the elderly when the homeowners cannot afford to make the repairs without assistance. In response to a publicly-issued Notice of Funding Availability (NOFA) issued by HCR, non-profit corporations and municipalities submit program designs detailing how they would administer local RESTORE programs, including how they would select eligible recipients, distribute funds, monitor construction, and ensure compliance with program requirements. In order to be eligible, homeowners must be 60 years of age or older with a household income below 80 percent of AMI.
