FULTON — The Fulton Community Development Agency (FCDA) on Jan. 13 announced it has been awarded $368,000 in New York State HOME Local funding to operate a homebuyer down payment assistance program in the city of Fulton. The program is designed to expand sustainable homeownership by helping income-eligible, first-time homebuyers overcome the affordability gaps that […]
FULTON — The Fulton Community Development Agency (FCDA) on Jan. 13 announced it has been awarded $368,000 in New York State HOME Local funding to operate a homebuyer down payment assistance program in the city of Fulton.
The program is designed to expand sustainable homeownership by helping income-eligible, first-time homebuyers overcome the affordability gaps that often prevent them for qualifying for mortgages. In addition to financial assistance, participants will receive individualized housing counseling from FCDA’s HUD-certified housing counselors, helping prepare households for long-term success as homeowners, per the announcement.
The program will prioritize households earning at or below 80 percent of area median income, with targeted outreach to neighborhoods where affordability barriers are greatest. This investment will help strengthen neighborhood stability and support working families in achieving lasting homeownership in the city of Fulton, the FCDA said.
“We are thrilled to receive this HOME Local award,” Jessica Mills, FCDA executive director, said in the announcement. “Our team at the Fulton CDA works hard to identify community needs and to thoughtfully develop and write grant proposals that allow us to bring meaningful resources back to Fulton. We have also built a strong, collaborative relationship with our partners at New York State Homes and Community Renewal (HCR), and this award reflects that shared commitment.”
The funding was part of $68 million allocated statewide, including $4.4 million in Central New York and nearly $17 million in the North Country.
The awards are provided through state and federally funded programs: NYS HOME; NYS Community Development Block Grant; Access to Home; Access to Home for Heroes; Access to Home for Medicaid; Mobile and Manufactured Home Replacement; and RESTORE.
HCR’s Office of Community Renewal provides the grant funding directly to municipalities and local nonprofit organizations. Eligible households can then apply for assistance. Each program accepts applications in an annual competitive funding round. Potential beneficiaries should reach out to awardees serving a particular area to learn more about available grants.
