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August 22, 2022
Funds available to assist with first-home purchase, housing rehab and mobile home replacement
Kingston, New York — In partnership with Sullivan County, RUPCO is currently administrating a Community Development Block Grant (CDBG) available from the NYS Housing Trust Fund(?) to assist the Sullivan County community with different housing needs. These funds can assist low-income first-time homebuyers with down-payment and closing costs by providing grants up to $45,000. In addition, they can assist homeowners in need of housing rehab with grants of up to $35,000 for single-family home repairs and eligible property owners with mobile home replacement grants.
All applicants must comply with the income limits below.
| Household Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
|---|---|---|---|---|---|---|---|---|
| Maximum Annual Income | $42,950 | $49,100 | $55,250 | $61,350 | $66,300 | $71,200 | $76,100 | $ 81,000 |
A RUPCO Counselor can assist households in navigating the first-time homebuyer process, review credit, and provide referrals to affordable loan options and determine eligibility for grant funding. To learn more about terms and conditions visit: www.rupco.org
Faith Moore, Assistant Vice President of Operations, said, “This hybrid program opportunity is essential for Sullivan County to help increase homeownership rates by assisting low to moderate-income first-time buyers, improving existing housing stock through the rehab component, and replacing outdated and underperforming mobile homes throughout the County. I could not be more excited to work with Sullivan County on this project because HOME Matters for everyone.”
Alan Sorensen, Sullivan County District 9 Legislator and a professional planner, said, “The renewed focus on housing, coupled with an upcoming housing plan, underscores Sullivan County’s commitment to improving our housing stock and providing opportunities to our residents in what has become a challenging market for first-time and low-income homebuyers.”
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About RUPCO
RUPCO creates homes, supports people, and improves communities across a broad spectrum of community development solutions, including housing, historic preservation, and neighborhood revitalization in the Hudson Valley. RUPCO creates and maintains quality, sustainable housing and rental opportunities, inspires understanding and acceptance of affordable housing initiatives, and champions pathways to opportunity. For more information, visit www.rupco.org
About RUPCO’s HomeOwnership Center
RUPCO’s NeighborWorks® Homeownership Center has HUD-certified housing counselors to guide and support homebuyers and homeowners in making informed decisions based on their homeownership needs. The Center has assisted thousands of Hudson Valley families with navigating the first-time homebuyer process since its opening in 2004. In addition, the Center also offers foreclosure prevention counseling and administers home repair programs for existing homeowners when eligible and available. For more information visit: www.rupco.org/homeownership-center/
About NYSHCR
New York State Homes and Community Renewal (NYSHCR) preserves housing affordability and works with private, public, and nonprofit partners to create inclusive, safe, “green,” and resilient places to live in New York State. HCR is charged with carrying out the Governor’s $1 billion HOUSE NY plan, leveraging New York’s federal and state community development resources, and creating affordable housing opportunities statewide. HCR programs provide financing to create and preserve multifamily housing; improve housing conditions, ensure accessibility, and save energy; provide bonding authority and other resources to facilitate local public improvements and job creation; and help thousands of low- and moderate-income New Yorkers purchase a home. NYS HCR also funds services for low-to-middle-income households, and vulnerable populations including veterans, seniors, homeless families, individuals with HIV/AIDS, and at-risk youth.