- Application: Each household must submit a completed home repair application to be eligible for the program.
- Income limits: Household gross income has to be 80% of area median income or less.
- Occupancy period: The owner must continue to reside in the home for two (2) years if receiving $5,000 or less, five (5) years if over $5,000 but less than $10,000, and ten (10) years if over $10,000. Some or all of the AHC funds will be due back to NYS if the recapture provisions are triggered.
- Use of Funds: Home improvement funds may be used to complete repairs that correct basic structural or mechanical defects, correct code deficiencies or health and safety issues, or otherwise prolong the useful life of the home. Some examples of repairs include: roofing, electrical, windows, or heating systems. Our Construction Specialist will do an evaluation to determine the scope of work.
- Funding limits: Funding will be determined after our initial inspection and will depend upon availability and on-going project status.
- Occupancy: Each home improved under this program must be owner-occupied, meaning the deed must be in the occupant's name and occupied by the owner. If these conditions are not met, the application will not be eligible. NYS AHC regulations prohibit home repairs in land contract situations or to mobile homes in a park. In addition, property taxes and homeowner's insurance need to be paid current.
- Asset Test: To qualify for the program, the household cannot have more than $15,000 in assets, not counting primary residence or any retirement funds where customer would incur penalty fees to liquidate.