OVERVIEW
New York State Homes & Community Renewal seeks to engage development partners in the production and preservation of rental housing in need to repair or replace housing damaged from storms by investing the financing resources identified herein. HCR is making available allocations under the New York Rising Rental Buildings Recovery Program Affordable Housing Fund. These are federal Community Development Block Grant – Disaster Recovery (CDBG-DR) funds provided to New York State and administered through the Housing Trust Fund Corporation.
Recovery Action Plan
Utilizing supplemental CDBG disaster recovery funding for Community Development Block Grant disaster recovery grantees, the U.S. Department of Housing and Urban Development (HUD) allocated these funds for severe damage to housing, businesses and infrastructure in the most impacted counties after taking into account data on insurance, Federal Emergency Management Agency (FEMA) assistance, and Small Business Assistance (SBA) disaster loans. • State of New York Recovery Action Plan
CDGB Disaster Funding
Homes & Community Renewal (HCR) seeks to engage development partners in the production and preservation of rental housing in areas of the State with unmet need to repair or replace housing damaged by storms. HCR is making available allocations totaling up to $5,000,000 under the Affordable Housing Fund (AHF). These are federal funds provided to New York State and administered through the Housing Trust Fund Corporation (HTFC). • CDBG - Disaster Recovery Funds General Information