Albany CDBG Owner-Occupied Rehabilitation Program

Acerca de Este Programa

Provides forgivable loans for comprehensive home repairs to owner-occupied properties in Albany. Loan is forgiven after 5 years of continued owner occupancy. Income must be at or below 80% AMI.

Forgivable loan, no repayment if you remain in the home for 5 years

Detalles Clave

• Forgivable loan up to $40,000 for major repairs
• Income at or below 80% AMI required
• Must maintain owner-occupancy for 5 years
• Covers roofing, electrical, plumbing, HVAC, structural
• City of Albany residents only

Como Solicitar

Un contratista con experiencia en subvenciones en Albany, NY puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Rolling applications; subject to funding availability