Bill > S02721

This bill establishes a Mobile and Manufactured Home Replacement Program in New York State to help low-income homeowners replace old, dilapidated mobile and manufactured homes with new, energy-efficient housing. The program, administered by the Housing Trust Fund Corporation, will provide 100% grants (in the form of deferred payment loans) to eligible property owners with household incomes at or below 80% of the area median income. Eligible applicants include local government units and non-profit organizations with housing experience, who can receive up to $750,000 in funding to help homeowners replace their homes with new manufactured, modular, or site-built homes that are Energy Star rated. Homeowners must agree to attend homeownership training and will receive a ten-year declining balance lien on the property. The grant will cover not only the new home but also relocation assistance and demolition costs for the old home. Each individual grant is capped at $200,000, and the program must be completed within four years. The Housing Trust Fund Corporation will provide an annual report to the legislature detailing the program's implementation, including details about each award made.

Budget and Finance, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S2721