WHITE PLAINS, NY – January 8, 2018 – Community Housing Innovations (CHI), a regional nonprofit housing agency, distributed over $1.2 million to 40 first-time homebuyers in Westchester and Long Island during 2017, including grants of $40,000 each to 16 first-time homeowners who moved into the Waterwheel Condominiums in the Village of Ardsley.
Comprised of 22 newly constructed two and three bedroom condominiums, the Waterwheel is a partnership between CHI and developer/builder/architect Ardsley Waterwheel Partners LLC, and Architectura, with offices in Fort Lee, New Jersey.
Of the 24 remaining grants, which went to purchase and rehabilitate condominiums, co-ops and houses selected by the applicants themselves, seven went to homes in Westchester and 17 went to homes on Long Island.
In 1997, CHI established its Homeownership Program, which provides education and counseling to assist first-time homebuyers through the entire home purchase process and administers grants averaging $25,000 toward down-payment and home rehabilitation assistance to income-eligible first-time homebuyers. Funded by the New York State Affordable Housing Corporation, grants administered by CHI have made the American dream of homeownership a reality for more than 800 families and has distributed over $14 million in grants. CHI also provides foreclosure prevention counseling.in Westchester.
Income eligibility limits change annually. In 2017, families could earn a maximum of $99,814 for a household of four living in Westchester, and $99,277 for a family of four living on Long Island.
“We prove every day that our workforce can afford to buy a home with a little help from New York State and a commitment to responsible home ownership from applicants,” said CHI Executive Director Alexander Roberts. “We look forward to continuing the program in 2018. We encourage families to apply for this funding.”
An additional two manufactured homes were completed in 2017 and homebuyers are in contract to close in the next month or two.
Homebuyer orientation sessions are free and open to the public. They begin again on January 10th in White Plains, and January 18th in Suffolk County. Those interested in obtaining a grant, counseling or education from CHI may register online at www.communityhousing.org.
About Community Housing Innovations
Founded in 1991, Community Housing Innovations, Inc. is a nonprofit affordable housing and social services agency serving Westchester, the Hudson Valley and Long Island. CHI provides housing and human services that support social and economic independence. Programs include emergency and transitional housing, permanent housing, homeownership counseling, education, and down payment assistance, foreclosure prevention education, and development of fair and affordable housing. For more information on CHI, visit www.communityhousing.org.