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Thursday, March 18, 2010
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FAQ for ACDA Programs

What areas in the City of Albany are eligible for the Home Acquisition Program (HAP)?

North Albany, Arbor Hill, West Hill, Capital Hill, South End

What areas in the City of Albany are eligible for the Tenant Assistance Rehabilitation Program (TARP)?

The TARP program is available citywide

What areas in the City of Albany are eligible for the Homeowners Assistance Program (HOAP)?

The HOAP program is available citywide.

Can I use my own contractor to do the work?

No, ACDA has a list of qualified contractors.

If I use TARP funds, why do my tenants have to submit income information? They don't own the house.

All units in the property have to be occupied by income qualified households as per ACDA program guidelines.

Can I rent to Section 8 tenants?

Yes, but you have to adhere to ACDA's schedule of rents.

How long do I have to reside in the property for the HAP Program?

It depends on how large the grant is. If it is under $15,000, 5 years. If it is over $15,000, 10 years.