All units in the property have to be occupied by income-qualified households as per Albany Community Development Agency (ACDA) program guidelines.
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The areas in Albany that are eligible for the Home Acquisition Program (HAP) are:
The Tenant Assistance Rehabilitation Program (TARP) program is available citywide.
The Homeowners Assistance Program (HOAP) program is available citywide.
No, Albany Community Development Agency (ACDA) has a list of qualified contractors.
Yes, but you have to adhere to the Albany Community Development Agency (ACDA)’s schedule of rents.
It depends on how large the grant is. If it is under $15,000, 5 years. If it is over $15,000, 10 years.