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Recent News from New York State Housing Finance Agency
SONYMA to Issue $168 Million in Bonds to Finance Near-Record First-Time Homeowner Mortgages
The State of New York Mortgage Agency (SONYMA) has priced the issuance of $168 million in bonds to fund near-record demand for the Agency's low-interest fixed-rate mortgage loans, which are available to low- and moderate-income first-time homebuye...
NYS Housing Finance Agency Approves $25.5 Million in Financings to Rehab 459 Mitchell Lama Units in Rochester
The board of the New York State Housing Finance Agency (HFA) today approved $25.5 million in financings to renovate 459 affordable housing units in two Mitchell Lama projects in the City of Rochester.
New York State Approves $317 Million in Financing to Build and Preserve 278 Affordable Housing Units in NYC
More than $317 million in financing was approved today to build and preserve 278 units of affordable housing in all five boroughs of New York City. The actions were taken by the boards of the New York State Housing Finance Agency (HFA) and its sub...
NYS Affordable Housing Corporation Approves $600,000 Grant to Renovate 112 Homes in Western New York
The board of the New York State Affordable Housing Corporation (AHC) today approved a $600,000 grant to the Bishop Sheen Ecumenical Housing Foundation to help repair 112 housing units located in 13 counties in Western New York.
New York State Approves $12M in Financing to Renovate 186 Affordable Housing Units in Westchester County
The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) approved $12 million in financing today to renovate 186 affordable housing units in Westchester County.
NYS Affordable Housing Corp. Approves $240,000 Grant to Build Six Affordable Homes in Hamlet of Roosevelt
The board of the New York State Affordable Housing Corporation (AHC) today approved a $240,000 grant to the Town of Hempstead to finance the construction of six single-family affordable homes in the Hamlet of Roosevelt.
NYS Affordable Housing Corporation Approves $105,000 Grant to Rehab Vacant Homes in Jamestown
The board of the New York State Affordable Housing Corporation (AHC) today approved a $105,000 grant to the Chautauqua Home Rehabilitation and Improvement Corporation (CHRIC) to acquire and rehabilitate three vacant single-family homes located in ...
NYS Affordable Housing Corporation Approves $400,000 Grant to Build “Green” Affordable Homes in Schenectady
The board of the New York State Affordable Housing Corporation (AHC) today approved a $400,000 grant to Better Neighborhoods, Inc. (BNI) to finance the construction of 10 single-family affordable and environmentally efficient homes in the Vale and...
NYS Affordable Housing Corporation Approves $610,000 in Grants to Upgrade 95 Homes in Western New York
The board of the New York State Affordable Housing Corporation (AHC) today approved $610,000 in grants to finance improvements for 95 homes in Erie and Niagara counties.
NYS Housing Finance Agency Approves $8.5 Million Financing to Renovate 102-Unit Mitchell Lama Project in Rome
The board of the New York State Housing Finance Agency (HFA) has approved $8.5 million in financing for major capital improvements at the Park Drive Manor I Apartments in Rome in Oneida County.
NYS Housing Finance Agency Approves $719 Million to Create and Preserve 1,802 Affordable Housing Units in NYC
The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) have approved nearly $719 million in financing to create and preserve 1,802 units of affordable housing in New York City.
NYS Affordable Housing Corporation Approves $600,000 in Grants to Upgrade 47 St. Lawrence County Homes
The board of the New York State Affordable Housing Corporation (AHC) has approved two grants totaling $600,000 to finance renovations on 47 homes in St. Lawrence County.
NYS Housing Finance Agency Approves $9.3 M to Finance 88 New Units of Affordable Housing in Canandaigua
The board of the New York State Housing Finance Agency (HFA) has approved $9.3 million in financing for the construction of the Brookside II Apartments with 88 units of affordable housing in Canandaigua.
NYS Affordable Housing Corporation Approves $1.125 Million in Grants to Upgrade 130 Homes in the Southern Tier
The board of the New York State Affordable Housing Corporation (AHC) has approved $1.125 million in grants to finance the renovations of 130 homes in the Southern Tier.
NYS Affordable Housing Corporation Approves $300,000 Grant to Finance Home Renovations in Rochester
The board of the New York State Affordable Housing Corporation (AHC) has approved a $300,000 grant to Group 14621 Community Association, Inc. to finance home improvements for 35 housing units located in the 14621 zip code in the City of Rochester.
NYS Affordable Housing Corporation Approves $195,000 to Riverhead to Upgrade 26 Homes
The board of the New York State Affordable Housing Corporation (AHC) has approved a $195,000 grant to the Town of Riverhead to finance home improvements on 26 single-family homes.
NYS Affordable Housing Corporation Approves $300,000 Grant to Improve 35 Homes in Chautauqua County
The board of the New York State Affordable Housing Corporation (AHC) has approved a $300,000 grant to the Chautauqua Home Rehabilitation and Improvement Corporation (CHRIC) to finance improvements on 35 homes in Chautauqua County.
NYS Affordable Housing Corp. Approves $700,000 to Acquire and Rehabilitate 30 Affordable Homes in Erie County
The board of the New York State Affordable Housing Corporation (AHC) has approved $700,000 in grants to acquire and rehabilitate 30 affordable homes in Erie County.
NYS Affordable Housing Corporation Approves $400,000 Grant to Build 10 Affordable Homes in Albany
The board of the New York State Affordable Housing Corporation (AHC) has approved a $400,000 grant to the Albany Housing Authority to finance the construction of 10 single-family affordable homes in the Arbor Hill section of the City of Albany.
SONYMA Partners With DHCR, HUD and Public Housing Authorities to Offer 2% Mortgages to Section 8 Recipients
The State of New York Mortgage Agency (SONYMA) today announced that it is partnering with the NYS Division of Housing and Community Renewal (DHCR), the U.S. Department of Housing and Urban Development (HUD) and public housing authorities around th...
SONYMA Creates “Community Housing Trust Initiative” to Help Land Trusts Maintain Affordable Homes
The State of New York Mortgage Agency (SONYMA) today announced the creation of its “Community Housing Trust Initiative.” This innovative program will enable land trusts to offer SONYMA’s below-market mortgages to working familie...
SONYMA Increases Maximum Purchase Price for Low Cost Mortgages in NYC and Downstate Counties to $550,000
The State of New York Mortgage Agency (SONYMA) today announced it is increasing the maximum purchase price in New York City and other downstate counties to $550,000 for single family homes to encourage more families to take advantage of SONYMAR...
NYS AHC Awards $2M to Housing Partnership Development Corp. to Launch “Neighborhood Stabilization Initiative”
The board of the New York State Affordable Housing Corporation (AHC) today approved a $2 million grant for the Housing Partnership Development Corporation’s Neighborhood Stabilization Initiative--an innovative new program that will buy and r...
Nearly $25 Million Approved to Build and Preserve Affordable Housing in New York City
Nearly $25 million in financing and grants was approved today to build and preserve 333 units of affordable housing in New York City. The actions were taken by the boards of the New York State Housing Finance Agency (HFA) and its subsidiary, the N...
NYS Affordable Housing Corporation Approves $225,000 Grant To Renovate 23 Homes in Buffalo
The board of the New York State Affordable Housing Corporation (AHC) today approved a $225,000 grant to Fillmore-Leroy Area Residents, Inc. (FLARE) to finance home improvements for 23 units in the Masten District of Buffalo.
NYS Affordable Housing Corp. Approves $300,000 Grant to Western New York to Renovate 40 Single-Family Homes
The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to NeighborWorks® Home Resources (NWHR) to finance home improvements for 40 homes in Cattaraugus, Wyoming and southern Erie counties.