Incentives and Programs

Funding Sources
The links below lead to information on county, state, and federal funding sources, with program definitions, eligibility standards, and contacts. 

Feasibility Funding

Community Capital Resources, a regional housing and small business organization provides feasibility loans of up to $25,000 to explore the viability of a potential project by assisting with environmental studies, zoning analyses, architectural/engineering evaluation, or site control. Not-for-profit borrowers are preferred and will be required to show 20 percent equity invested in the project. Private developers will need to provide 50 percent equity. Eligible expenses include appraisals, engineering analysis, environmental analysis, financial analysis, option deposit, purchase and sale deposit, zoning analysis, and other reasonable pre-site control or pre-acquisition expenses. Loan rates will range between one percent and Prime + 2 percent.

For more information contact:

Community Capital Resources
7 West Cross Street – Suite D
Hawthorne, New York 10532
Phone: (914) 747-8020

The New York State Department of Housing and Community Renewal offers programs that provide feasibility funding. The Low Income Housing Trust Fund offers “seed funding” and the Housing Development Program offers “pre-development funding.”

For more information contact:

New York State Homes and Community Renewal (HCR)
Hampton Plaza
38-40 State Street
Albany, New York 12207
Phone: (518) 473-2526

Regional Office:
25 Beaver Street
New York, N.Y. 10004
Phone: (212) 480-7644

County Housing Programs
Technical assistance and county funds are available for the development, preservation, or improvement of the county’s fair and affordable housing stock. In order to qualify the housing must meet the U.S. Department of Housing and Urban Development’s (HUD) Income Limits. Once income qualification is established, Westchester County’s sales and rent limits are used for participation in many, but not all, of the county-administered housing programs. This information is included in the Westchester County Area Median Income (AMI) Sales and Rent Limits guide.

Funds from various programs are available to eligible homeowners, tenants, landlords, developers, homeless families, senior citizens, and households with disabled family members. For more information on the programs listed on this page contact Kim Holland at the Division of Housing at , or by phone at (914) 995-3761.

Please note that the Section 8 Housing Choice Voucher Program is no longer run by Westchester County. As of January 1, 2011, it is administered by CVR New York. Call (914) 995-2415 or (914) 995-5110 for more information.

Housing Development
New Homes Land Acquisition (NLHA) Fund
  NHLA assists in the acquisition of property that will be used to develop new affordable housing, or property that will be rehabilitated or adaptive reused for fair and affordable homeownership or rental housing. The single or multi-family housing can be a mixed-income or mixed-use project and must meet the minimum income affordability thresholds for sales or rental projects.
Housing Implementation Fund (HIF)
  HIF assists in the construction of municipally-owned infrastructure that supports the development of new fair and affordable homeownership or rental housing. The development may include new construction, redevelopment, or an adaptive reuse of existing property. This affordable housing may be single or multi-family, mixed-income or mixed-use, and must meet the minimum income affordability thresholds for sales or rental projects.
   
Rental Assistance
Section 8*
 

Section 8 Housing Choice Vouchers assist households with the payment of rent, and can also support homeownership opportunities for families participating in the county’s Family Self-Sufficiency program.

*Please note that the Section 8 Housing Choice Voucher Program is no longer run by Westchester County. As of January 2011, it is administered by CVR New York. Call (914) 995-2415 or (914) 995-5110 for more information.