New York Makes $62M Available for Homeownership, Housing Rehabilitation and Accessibility Programs

Real Estate In-Depth • August 12, 2026
New York Makes $62M Available for Homeownership, Housing Rehabilitation and Accessibility Programs

New York State is making more than $62 million available through seven housing programs aimed at expanding homeownership opportunities, preserving existing housing and helping residents make critical repairs and accessibility improvements to their homes.


The funding, administered by New York State Homes and Community Renewal, will be available to municipalities and nonprofit organizations throughout the state to support a range of housing initiatives serving low- and moderate-income New Yorkers.


The largest allocation includes $20 million through the New York State HOME Program, which can support the acquisition and rehabilitation of single-family housing, as well as down-payment assistance for eligible first-time homebuyers.


Another $10 million is available through the HOME Homebuyer Development Program to support the construction or rehabilitation of one- to four-unit homes that will ultimately be sold to qualified low- and moderate-income buyers.


The funding also includes $15 million through the Community Development Block Grant Housing Program. Municipalities can use the funds for projects including rehabilitation of owner-occupied single-family homes and improvements to residential infrastructure.


Several programs are focused on helping existing homeowners remain safe in their homes. The RESTORE Program will receive $4 million to fund emergency repairs for income-eligible homeowners age 60 and older, while another $4 million will support the replacement of deteriorated mobile and manufactured homes.


Approximately $9.5 million will also be available through three Access to Home programs, which fund accessibility modifications for eligible New Yorkers with disabilities, including veterans and Medicaid members. Improvements can include ramps, lifts, handrails and other modifications that allow residents to live more safely and independently.


The funding comes as communities across New York continue to face challenges related to housing affordability, limited inventory and the cost of maintaining older homes. While new construction remains an important component of addressing housing supply, programs that preserve existing homes and help residents access homeownership can also play a significant role in maintaining the state's housing stock.


Municipalities and nonprofit organizations will be responsible for applying for funding and administering assistance at the local level, making participation by local communities an important factor in determining where the funding ultimately reaches homeowners and prospective buyers.

The latest funding round is part of New York State's broader efforts to increase housing opportunities while preserving and improving existing residential properties.



Learn more: New York State Homes and Community Renewal Housing Funding Announcement

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