Home Purchase & Repair Funding Available from TRIP & RCHR for Rensselaer County Residents
This spring, the Troy Rehabilitation & Improvement Program (TRIP) and Rensselaer County Housing Resources (RCHR), will offer grant funding to assist local residents with obtaining and maintaining their homes.
“We are pleased to again receive funding for these important programs,” said TRIP Executive Director Christine Nealon. “These programs are lifelines for individuals who are striving to maintain their independence.”
TRIP & RCHR have been awarded funds under two government programs: the NYS HOME Program and the NYS CDBG Program through Rensselaer County to provide grant monies, which can be used for down payment assistance for first-time homebuyers and home rehabilitation projects.
The NYS HOME Program assists income-eligible homeowners with home repairs including health and safety repairs, roof replacement, structural, electrical, plumbing and heating system repairs or replacements and energy efficiency measures.
The HIP Program (serving Troy residents) and the Small Cities (serving Rensselaer County residents outside of Troy) Grant Program assist income-eligible first-time home buyers with grants to be used for down payment and/or closing costs at the time of purchase.
Rensselaer County residents may apply for these grant opportunities. Applicants need to be income-eligible and current on their mortgage, property taxes and homeowners insurance at the time of application in order to qualify.
For more information about these grants or other homeowner programs, visit www.triponline.org or call the TRIP & RCHR NeighborWorks HomeOwnership Center at (518) 690-0020.