RESIDENTIAL HOUSING REHABILITATION PROGRAMS

CITY OF NIAGARA FALLS, NEW YORK
DEPARTMENT OF COMMUNITY DEVELOPMENT
1022 Main Street, Niagara Falls, New York

The City of Niagara Falls has financing available to help property owners make needed improvements to their home. Funds are available for owner-occupants and investors who own property in the following areas:

A.) Highland Avenue Area
From College Ave. to Depot Ave.
From Ninth Street to Hyde Park Blvd.

B.) From Lincoln Place to Cedar Ave.
From Whirlpool Street to Main Street-Portage Road

C.) From Cedar Ave. to Walnut Ave.
From Sixth Street to Ninth Street

D.) From LaSalle Ave. to Cudaback Ave.
From Portage Road to 24th Street

E.) LaSalle Section
From Stephenson Ave. to Buffalo Ave.
From 56th Street to 82nd Street

Target Areas Revised: February 2002

Three types of assistance are available depending on your income and whether or not you live on the property to be renovated. A fourth type of assistance is available for the homebuyers (Urban Homesteading) program.

Grant Program (Owner Occupied) - The City will finance up to 100% of the cost of property improvements (depending upon your income).

Deferred Grant Program (Owner Occupied) - The City will finance up to 100% of the cost of property improvements (depending upon your income) - with no repayments required until you transfer title to your property.

Rental Rehabilitation Program - The City recognizes the fact that, in the current rental market, it is often economically infeasible to keep up with all of the minor repairs that accumulate over time on rental properties. In an effort to make property improvements affordable, the City will provide investor owners 50% of the funding needed to make necessary improvements. No repayment is required until you transfer title to the property to a new owner. The maximum level of City funding is $50,000 per property.

Urban Homesteading Program:
Affordable homeownership program for low to moderate income.

(See income guidelines below)

City staff will inspect the property and work with you to include all of the required work in a set of specifications. We will bid the work out to qualified licensed contractors, and inspect all phases of the work for completeness and quality of workmanship. Complete Program Guidelines are available in our office.

If you are interested in more detailed information about these programs and how you can qualify, call us at the Department of Housing and Community Development at: (716) 286-8800 or (716) 286-8815

Income Guidelines for Owner-Occupied Property and
Urban Homesteading Program Applicants

Applicants with income levels not exceeding those as listed below in the respective column may qualify for a grant, deferred grant, or urban homesteading/financing from Community Development.

MAXIMUM QUALIFYING INCOME CATEGORIES
(Revised : January 31, 2002)

NUMBER in HOUSEHOLD	GRANT PROGRAM	DEFERRED GRANT PROGRAM and URBAN HOMESTEADING PROGRAM
1 person	$17,800	$28,450
2 Person	$20,300	$32,500
3 Person	$22,850	$36,600
4 Person	$25,400	$40,650
5 Person	$27,450	$43,900
6 Person	$29,450	$47,150
7 Person	$31,500	$50,400
8 Person	$33,550	$53,650

 

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