New York Governor Andrew Cuomo has announced new funding for the state’s affordable housing programs, including $640,000 to CHI. The funds from the state’s Affordable Housing Corporation (AHC) will allow CHI to continue to provide grants averaging $25,000 each for down payments and dwelling improvements to income-eligible first-time homebuyers on Long Island.
“This latest round of funding allows CHI to continue its Renters into Owners program that has provided more than $12 million in grants to 500 working families on Long Island and in Westchester County,” said Alexander Roberts, executive director of CHI. “The program has been critical to helping hundreds of working families realize the American Dream of homeownership.”
Under its Renters into Owners program, CHI provides down-payment assistance grants of up to $25,000 to qualified first-time buyers. To be eligible, individuals on Long Island cannot earn more than $66,000 ,or $94,000 annually for a family of four.
Just this month, Franklin Millan, his wife Erika and their infant son, Isaac, moved into their new three-bedroom ranch in Shirley, after receiving a CHI grant.
“We always had the dream of owning our own home, but CHI helped make it real,” Franklin Millan said. Franklin, who works for the Suffolk County Department of Social Services, emigrated with his family from Venezuela two decades ago. Erika emigrated from Honduras a little over three years ago.
For additional information on the Renters into Owners program, call CHI at (800) HUD-COUNSELING.