All grants require a Note and Mortgage until the end of the regulatory period. Grant is forgiven at the end of regulatory period which vary per grant from 2 to 15 years.
HOMEOWNERSHIP GRANTS - to assist with purchase of home:
DHCR - HOME - 50% AMI - Assist 10 individuals/families purchase an existing home. Up to $20,000 grant funds including up to $4,999 for repairs. Completions date - 2/28/2010
DHCR - CDBG-thru Yates County - 80% AMI - Assist 32 individuals/families purchase an existing home. Up to $20,000 in grant funds. Funds can vary for down payment, closing costs and repairs. Completion date - 9/15/2011
Affordable Housing Corporation - New Construction - 112% AMI - Assist 15 families purchase new modular home. Up to $40,000 in grant funds. Completion Date 7/31/2009
REPAIR GRANTS - for primary residence. To make home safe and energy efficient. Must have owned home for at least 6 months. Insurance, taxes must be current.
DHCR - HOME - 50% AMI - Assist 10 homes with repairs up to $15,150. Funds will be matched with other grants to bring total funds to $28,150. Completion date - 2/15/2010.
Affordable Housing Corporation - 80% AMI - Assist 30 homes with repairs up to $10,000. $6,000 AHC funds and $4,000 matching funds from other grants or from the homeowner. Funds are a 60/40 match. Completion date - 6/30/2010 Daisy
Marquis Jones - 80% AMI - Assist 12 homes by combining with AHC to reduce the families cost.
Once Again Shoppe - 80% AMI - Assist 3 to 4 individuals/families with projects costing $500 or less.
RESTORE - 50% AMI - Assist 16 homes owned by someone age 60 or older for emergency repairs. Leaks, foundation work, handicapped work, etc. Completion date - 12/23/2009.
OTHER SERVICES: KHC has funds to assist with Foreclosure Prevention Counseling. These services are free for anyone in Yates and Ontario Counties