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Get Matched Free →ACRHA Acquisition/Rehabilitation Grant
Funding status: Active
How much assistance
Varies (forgivable loan for acquisition and rehabilitation)
Forgivable loan; terms determined on a case-by-case basis.
Eligibility
- Income limits: Household income at or below 80% AMI based on household size. As of 2025: $92,880 for 1-2 persons, $106,812 for 3+ persons in Albany County.
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Geographic restrictions: Must purchase in Albany County. Homes in more rural areas of Albany County take precedence over those in urban areas.
- Homebuyer education required: Yes
How to Apply for ACRHA Acquisition/Rehabilitation Grant
Contact ACRHA at (518) 765-2425 or email acrhaadmin@acrha.org. Complete an approved homeownership education course. Meet asset limits. 51% of grant must be used for rehabilitation/repair and 49% for down payment and/or closing costs.