New York State Has Made Access To Affordable Housing A Priority Through Grants, Tax Incentives, Direct Funding
While much public attention centers on New York City’s housing challenges, significant opportunities are emerging across the rest of New York State to support affordable, stable housing for individuals, families, and developers. From direct financial assistance for homebuyers to state-backed incentives for building and preserving affordable housing, these programs are making a tangible impact in suburban and upstate communities — including Rockland County and the broader Hudson Valley region.
For individuals and families outside the five boroughs, the Statewide HOME Program serves as a cornerstone of support. Administered through local municipalities and nonprofits, the program provides rental assistance, down payment and closing cost assistance for first-time homebuyers, and funding for the rehabilitation or construction of affordable housing. It is specifically designed to serve low- and moderate-income households across New York, including areas where rising housing costs are straining working families…