Low Income Family Housing Assistance - The New York State Affordable Housing Corporation (AHC) creates homeownership opportunities for low- and middle-income families by providing grants to state, nonprofit, and charitable organizations to help subsidize the cost of housing. new construction and renovation of existing houses.
AHC's Affordable Homeownership Development Program (AHOD Program) provides grants to government, non-profit and charitable groups to:
Low Income Family Housing Assistance
If you are a builder of single-family homes and want to get involved in AHC projects, you can join your efforts with an eligible applicant or a current beneficiary.
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Please explore the Current List of AHC Recipients section of this page to find a current recipient in your area.
Grants are available up to $35,000 per unit or $40,000 per unit in designated high-cost areas or projects receiving USDA loans. To find out if a county has been designated as a "high cost zone", see the table of high cost zones.
Grants are awarded to projects serving individuals or families who typically earn between 100% and 166% of HUD's low-income limits. To view HUD's current low income limits of 100%, 112%, 137%, and 166%, please click here. For complete information on grant amounts and tiered income caps, see the Current Notice of Funding Availability, Offers and Requests section.
AHC will accept applications immediately upon issuance of this NOFA until all AHC funds have been allocated. A Notice of Funding Availability (NOFA) and a Request for Proposals (RFP) will be issued jointly on June 14, 2021 for the 2021-2022 funding cycle.
Subsidized Housing In The United States
Please see the regulations section on the reverse of the offer for complete information on the Affordable Homeownership Development Program.
The RFP will be available online only and applications should be submitted in PDF format to [email protected].
Below is the list of current AHC Fellows. Beneficiaries are listed in alphabetical order by region. For each beneficiary listed, you'll see the name, address, phone number, county/counties they serve, and the type of AHC projects they run. Homebuyers should seek recipients who are doing "new construction" and/or "acquisition/rehab" projects. Homeowners who need help with necessary renovations should seek recipients who specialize in "home improvement" projects.
If you are already an AHC beneficiary, please visit the page below to access all the forms and information you need. Poverty is not just a problem of income. There is also a problem of wealth. Everyone needs opportunities to invest in themselves and their children to help their families move forward. Yet anti-poverty programs in the United States have traditionally done very little to promote wealth creation among the families they serve. The Family Self-Sufficiency Program (FSS), a program of the United States Department of Housing and Urban Development (HUD), which serves residents of federally subsidized housing, is a particularly powerful opportunity to change this trend. Over the past seven years, Compass Working Capital (“Compass”) – a national nonprofit financial services organization headquartered in Boston, Massachusetts – has implemented and expanded an innovative, evidence-based model for the program that helps demonstrate what this program can really do.
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Tanya Febrillet is a single mother of two teenagers. She lives just north of Boston in the town of Lynn, Massachusetts, works full time, and until recently had been receiving housing assistance through her local public housing authority for several years. Like many families in the subsidized housing and welfare systems, Tanya made it – but she really wanted to move on and build a better life for herself and her children. Tanja's dream has always been to own her own home. But she believed owning a home, in her own words, was not "for families like mine" - that is, a low-income single mother who lived in subsidized housing and grew up in a family where no one had ever been. an owner.
Tanya Febrillet, a graduate of the Compass FSS program operated in partnership with the Lynn Housing Authority and Neighborhood Development, with her two children on the proceeds from the house she was able to purchase at the end of this program.
There are so many families like Tanya's in Massachusetts and across the country who have similar hopes and dreams for the future - whether it's owning a home, investing in their own education, or that of a child, saving for retirement, starting a small business or other target . While our subsidized housing system provides an essential safety net for many families, there is more we can do to leverage this support as a platform for economic mobility. For many families in subsidized housing and social protection systems, the rules actually discourage and penalize saving, creating pitfalls that prevent families from achieving these goals and lifting themselves out of poverty.
Such a "poverty trap" exists in subsidized housing. Households on housing assistance typically spend around 30% of their income on rent - a policy designed to ensure assisted households pay a fair, but reasonable, share of their income on rent. The unintended consequence of this policy is that it can prevent families from increasing their income, because working more means paying more rent and possibly losing other income-related benefits, a structure that also makes it harder for families to build up savings.
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In 1990, Congress introduced the FSS program to address this disincentive, with the goal of better promoting employment and savings among households receiving federal housing assistance. As families work and earn more money, the FSS scheme allows them to enter the increased portion of their rent payment into a savings account, which is deposited by the housing authority. The program essentially converts increased monthly rent payments into a monthly savings deposit.
There is no other anti-poverty program like the FSS in the country, which offers an integrated savings account to participating families. It is the federal government's largest asset-building program for low-income families. And yet, despite its potential to help lift families out of poverty, the FSS has been underutilized across the country. Only 71,000 families participate each year, although approximately two million families are eligible. The reasons for this are varied. Resource-strapped housing authorities struggled to market the program, and HUD provided limited funds to FSS program staff. But, more importantly, housing authorities lack the resources and expertise to unlock the true wealth-creating potential of the program.
And then, in late 2010, Compass became the first nonprofit in the country to launch a new model of wealth creation and financial capability for the FSS program. While HUD defines the FSS program primarily as an employment and savings program, Compass hypothesized that a wealth creation model could produce better outcomes for families and expand the reach and impact of the program across the country. The Compass model includes client-focused financial coaching and education, as well as strategic use of the FSS deposit account, to promote household financial mobility. Instead of a more traditional case management or counseling model, Compass' highly trained financial coaches work with subsidized housing residents, like Tanya, to set and achieve their financial goals, establish budgets, establish credits , repay debts, access financial products and high quality products. services. , and accumulate savings in the program that can then be applied to those financial goals.
These programs are funded by a combination of contractual income from housing partners paid to Compass and outside philanthropy, which has enabled Compass to more strongly market the program and provide these financial coaching and education services to a greater proportion of families than before. . in a typical FSS program.
Grand Rapids Housing Commission
In 2010, Tanya enrolled in an FSS scheme run through a partnership between her housing authority and Compass. During five years in the program, she paid off her debt, increased her annual income by nearly $8,000, improved her credit score by more than 140 points, and accumulated more than $3,000 in savings. Tanya graduated from the FSS program in 2015 and realized her dream of becoming a landlord - the first in her family to do so.
Tanja's performance is consistent with the impact of the program model in general. In September 2017, Abt Associates, a global research firm, released the final results of a rigorous, multi-year, quasi-experimental study of Compass FSS programs operated in Lynn and Cambridge, Massachusetts. The study found that after an average of 40 months in the program, participants earned more and received less welfare benefits than their peers. In fact, participation in a Compass FSS program was associated with an average increase of $6,305 in annual household income. Participants also achieved positive credit and debt scores that exceeded benchmarks, including an average debilitating debt reduction of $764.
Building on the success of these early program sites in Lynn and Cambridge, Compass has expanded this model to ten sites in Massachusetts, Connecticut and Rhode Island. In September 2016, Compass launched a National FSS Network, with support from national funders, to train partners to implement aspects of the Compass FSS model in their communities. Network partners at the moment
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