ITHACA, N.Y. (WENY) – A local nonprofit is receiving nearly $1 million from New York State to provide financial assistance to low- and moderate-income individuals trying to find an affordable home.
The Ithaca Neighborhood Housing Services, or INHS, was awarded two HOME local grants through New York State Homes and Community Renewal, totaling $988,500.
Officials say the funds will allow INHS to expand its homeownership program by 34 households throughout Schuyler, Seneca, Tioga and Tompkins Counties.
The program provides down payment and closing cost assistance to low- and moderate-income homeowners.
In 2018, 77 households received down-payment assistance or closing cost loans through INHS within its service area, which includes Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga and Tompkins Counties.
“These funds are critical to allowing INHS to continue its mission to assist future homeowners in making their dream of owning a home a reality. We are honored to have received two grants totaling almost $1 million to accomplish this and expand our reach,” said Executive Director of INHS Johanna Anderson.
Loan officer at INHS, Patrick Mitchell, said of the partnership with the HOME program, “it’s meant so much to so many low-income homeowners in our area, and we can’t wait to continue and expand this collaboration.”
To learn more about income eligibility requirements, contact Patrick Mitchell at email@example.com. Funds are expected to become available in fall 2019.