The NY Rising Housing Recovery Program was established to provide assistance to eligible property that was damaged as a result of Superstorm Sandy, Hurricane Irene or Tropical Storm Lee. Assistance provided includes home repair/ rehabilitation, mitigation/elevation, reimbursement and/or buyouts. Receipt of funding under this program may not duplicate disaster-related assistance you have already received or may be eligible for from other federal, state, local, and/or private sources of disaster- related assistance, including, but not limited to, homeowners and/or flood insurance proceeds.

NY Rising Rental and Co-Op and Condiminium Properties Recovery Program

NY Rising has announced that applications are being accepted for the Rental Properties Recovery Program and the Cooperative and Condominium Recovery Program. The Rental Properties Recovery Program will provide funding for repairs to both single family and multifamily rental properties. The Co-Op and Condominium Recovery Program will provide funding for repairs to owner-occupied condo/co-op units being used as places of principal residences or for condo/co-op units that are leased to renters as places of principal residence. To apply for assistance call 1-855-697-7263 or visit https://stormrecovery.ny.gov.

Eligible applicants who are deemed eligible for participation in the NY Rising Housing Recovery Program will work with an assigned customer representative to determine the best and most cost-effective assistance package for your property.  Property owners will need to provide documentation along with their full and complete application for assistance. This information may be uploaded where identified in the online application OR may be submitted during meetings with an assigned customer representative. After completing and submitting an application, homeowners will be contacted by a housing recovery customer representative who will work closely with them throughout the rest of the application process to determine the best package of assistance to address individual needs until all the work they are eligible for is completed.

Owner Occupied Home Rebuilding Program

Architects, Engineers and Contractors

Before a local building department approves and issues building permits, they may require that a licensed architect and/or engineer submit stamped plans and/or other submissions. If the Program Eligible Cost is $10,000 or more, the Homeowner is required to consult with an architect and/or engineer after they receive their award letter. Architects and/or engineers can perform a number of services, such as getting construction plans approved by the building department, helping the Homeowner find a Contractor, assisting with leveling construction bids, monitoring construction progress and quality, advising the Homeowner during construction, and monitoring Contractor performance. The Program has included a 10% allocation which is built into the project eligible cost for the expense of hiring a licensed architect or engineer for professional design services related to construction. If a Homeowner wants to be reimbursed for this cost they must submit proof that an architect or engineer was hired.

Homeowners will select their own Contractor. General construction contractors may participate in the NY Rising Housing Recovery Program if they meet minimum program requirements and have the capability to provide construction services for single family rehabilitation or reconstruction projects, including elevation of dwellings in the flood plain. The following is a brief summary of the program requirements.

Contractor Minimum Eligibility Requirements:
- Licensing: Must be licensed in the community where the work is to be performed;
- Insurance: Must carry the minimum insurance required by the community where the work is to be performed;
- Bonding: Must provide payment and performance bonds for contracts in excess of $100,000

The Homeowner will be responsible for negotiating the final costs of construction with their Contractor. The Homeowner will be responsible for funding any costs incurred in excess of their grant award.

Interim Mortgage Assistance Payments

Interim Mortgage Assistance (IMA) may be available for homeowners who are eligible participants in the NY Rising Housing Recovery Repair or Reconstruction facing difficulties paying their mortgage notes due to increased housing expenses.