$1.4M fund aids low, moderate income homeowners

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By Melanie Lekocevic

Capital Region Independent Media

State Sen. Michelle Hinchey, D-46, announced a fund that will help low- and moderate-income homeowners in Greene County make needed repairs or put a down payment on a new home purchase. Courtesy of Pexels

More than $1.4 million in state grant funding has been set aside to assist low- and moderate-income homeowners in Greene and nearby counties with repairs and safety upgrades for their homes.

The program will also help first-time home buyers who meet eligibility requirements make a down payment on a new home purchase.

State Sen. Michelle Hinchey, D-46, announced the funding Jan. 21.

The funds will be administered by the New York State Homes and Community Renewal’s Office of Community Renewal and is being disbursed to nonprofit organizations and municipalities in Greene, Schenectady and Ulster counties.

The groups will then, in in turn, distribute the money to low- and moderate-income individuals.

“This state funding will change lives in our communities, allowing people with disabilities to implement accessibility modifications, helping first-time home buyers make down payments, supporting seniors with emergency repairs and assisting low- and moderate-income New Yorkers in implementing needed upgrades to their homes,” Hinchey said.

In Greene County, $98,000 was awarded to the Catskill Mountain Housing Development Corporation. The organization helps senior citizens with the cost of taking care of emergencies and code violations in their homes that could pose a threat to their health or safety, or could impact the livability of the home, Hinchey said.

The Better Community Neighborhoods, Inc. in Schenectady County was awarded $150,000 to provide financial assistance to make homes accessible to low- and moderate-income individuals with disabilities.

An additional $437,500 was also awarded to the Schenectady County group to help first-time home buyers make a down payment or rehabilitate housing.

In Ulster County, $800,000 was awarded in New York State Community Development Block Grant funding to be used to rehabilitate housing in the county.

The local organizations will oversee disbursement of the funds.

“I congratulate the local nonprofits and municipalities across Greene, Schenectady and Ulster County that have been selected to receive this important funding, and I thank Gov. Hochul for her partnership in closing the affordability gap on home ownership throughout New York state,” Hinchey said. “Owning a home is a hallmark of the American Dream and I will continue to fight for investments to help more upstate New Yorkers secure safe, accessible and affordable housing.”

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