Request for Applications: NYS Homes and Community Renewal Grants
/NYS Homes and Community Renewal has launched a new funding opportunity available through the state’s recently created Vacant Rental Improvement Program (V-RIP). Grants up to $5 million are available to local governments and nonprofits to administer the program in areas across the state (outside of NYC).
The program will provide grants up to $75,000 per unit for property owners to rehabilitate vacant units into long-term rentals for low- and moderate-income tenants.
The application round is currently open and will close on October 3, 2024. A webinar will be held on Tuesday September 17th at 2:00PM and more information can be found at https://hcr.ny.gov/v-rip.
The Town of Ithaca Comprehensive Plan (2014) envisions compact, walkable mixed-use neighborhoods (new urban/traditional neighborhood development) in emerging growth areas close to major employers and activity hubs.