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Directory of NYC Housing Programs

NYS HOME Local Program (NYS HOME)

The New York State Home Local (NYS HOME) program is administered by the New York State Housing Trust Fund Corporation (NYS HTFC). The program uses federal HOME Investment Partnership Program funds to expand the supply of decent, safe, and affordable housing within the State. The HOME Program funds a variety of activities through partnerships with counties, towns, cities, villages, private developers, and community-based non-profit housing organizations. The program provides funds to acquire, rehabilitate, or construct housing, or to provide assistance to low-income home-buyers and renters. Funds must be distributed in accordance with needs and priorities identified in the State’s Consolidated Plan. Federal HOME Program regulations (24 CFR Part 92) set forth requirements for formula allocations, eligible activities, matching funds, qualifications as affordable housing, and compliance with other federal requirements. The regulations also establish special requirements for community housing development organizations (CHDOs). Project selection shall take into consideration the recommendation of the relevant regional economic development council or the Commissioner’s determination that the proposed project aligns with the regional strategic priorities of the respective region.

Program Information Help Icon

  • Supply/Demand: Demand
  • Category: Land and Financing, Rental Subsidies and Assistance
  • Scale: Small Scale (between 1 and 999 units)
  • Occupancy tenure: Rental, Homeownership
  • Construction Type: Rehabilitation, New Construction, Demolition
  • Building Type: One- to Four-family, Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Income Restrictions: Low-income

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