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Grants & Loans
2007 Funding Awards Announced!
Genesee Valley Rural Preservation Council, Inc., and Letchworth Development Corp. Headquarters
Governor Spitzer Announces $106 Million in Grants, Loans and Tax Credits to Revitalize Communities and Increase Affordable Housing Statewide.
Based in Mt. Morris, Genesee Valley Rural Preservation Council, Inc. (GVRPC) a private, not-for-profit housing agency serving western New York since 1983, has been awarded a total of $1.6 million in HOME Funds as part of the Governor’s funding announcement. Jill A. Alcorn, President and CEO of GVRPC states, “I am quite pleased with the substantial amount of funding we received, allowing us to further meet the housing needs in our area.”
HOME funds will provide another $400,000 for a continuation of GVRPC’s first-time homebuyer programs in Livingston and Wyoming Counties with a projected 34 first-time homebuyers receiving a maximum of $15,000 grant for down payment and closing cost assistance on the purchase of an existing home.
Both Livingston HOME Rehab IV and Genesee HOME Rehab IV have received another $400,000 each to assist in home repairs to owner-occupied units in both Livingston and Genesee Counties.
GVRPC has also been awarded $400,000 for Livingston and Genesee Counties Access to Home Program. This program will make accessibility adaptations to 20 homes in both Livingston and Genesee Counties. These adaptations will make it possible for people to remain in their homes instead of having to go to a nursing home or other institutional setting.
In addition to the $1.6 million awarded by New York State Housing Trust Fund Corporation (HTFC), GVRPC has also been awarded $500,000 from New York State Affordable Housing Corporation (AHC) to be used in conjunction with the Livingston and Genesee HOME Rehab IV programs.
These latest awards increase GVRPC’s total of housing investment and services in a four-county area to over $58 million, with over 811 families served in housing programs and over 600 families housed in quality, affordable rental units.
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