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Frequently Asked Questions
What areas in the City of Albany are eligible for the Home Acquisition Program (HAP)?
North Albany, Arbor Hill, West Hill, Capital Hill, South End
How long do I have to reside in the property for the HAP Program?
It dependent on the amount of the grant. If the amount is under $15,000, you must reside for 5 years. If it is over $15,000, you must reside for 10 years.
What areas in the City of Albany are eligible for the Homeowners Assistance Program (HOAP)?
The HOAP program is available citywide.
Can I use my own contractor to do the work?
No, ACDA has a list of qualified contractors.
Can I rent to Section 8 tenants?
Yes, but you have to adhere to ACDA's schedule of rents.
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