ACRHA Acquisition/Rehabilitation Grant

Administered by: Albany County Rural Housing Alliance (ACRHA) · County · Forgivable Loan

Funding status: Active

How much assistance

Varies (forgivable loan for acquisition and rehabilitation) (Forgivable Loan)

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

Step 1: 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.

Visit program website

Notes

Grant structure requires home rehabilitation component. Amount determined case-by-case. Located at 24 Martin Rd, Voorheesville, NY 12186.

Cities Where This Program Is Available