Skip to main content
Governor’s office of storm recovery (GOSR)
The Governor’s Office of Storm Recovery (GOSR) developed Affordable Rental Opportunity (ARO) to restore and replace affordable rental housing placed out of service by Superstorm Sandy, Hurricane Irene, or Tropical Storm Lee (Covered Storms). ARO offers property owners incentives and support to sustain the creation of affordable rental housing. The Affordable Rental Opportunity is now accepting applications now through November 15th from storm-damaged rental property owners who commit to the Program’s affordability requirement. To learn more about the program click here and to apply click here.

 

FAQs

What is the Affordable Rental Opportunity program (ARO)?

The Governor’s Office of Storm Recovery (GOSR) developed ARO to restore and replace affordable rental housing placed out of service by Superstorm Sandy, Hurricane Irene, or Tropical Storm Lee (Covered Storms). ARO offers property owners incentives to sustain the creation of affordable rental housing.

What type of Program is this? Who is running this Program?

Governor Cuomo established GOSR to maximize the coordination of recovery and rebuilding efforts in storm-affected counties throughout the State of New York. GOSR operates within the New York State Housing Trust Fund Corporation (HTFC). HTFC is a component of New York State Homes and Community Renewal (HCR), a unified leadership platform, encompassing a variety of State agencies and public benefit corporations involved in the provision of housing and community renewal. GOSR was formed to direct the administration of the federal Community Development Block Grant - Disaster Recovery (CDBG-DR) funds.

Who is eligible for assistance?

Residential rental property owners who provide housing opportunities to low- and moderate- income (LMI) households.

What types of assistance does this Program offer?

ARO offers reimbursement assistance for eligible work completed prior to application to the program and offers repair and reconstruction for prospective work. ARO and the NY Rising Rental Properties program offer substantially similar property rehabilitation and resilience-related benefits. Once construction is completed and once leased to an LMI tenant, ARO offers an incentive for up to two years to cover compliance with the affordability requirement.

What is the affordability requirement?

To participate in ARO you must commit to rent at an affordable rate to a tenant who earns less than 80% of the area’s median income once construction is complete. (As of March 2015, 80% of the median income was $75,700 for a family of four on Long Island.) An affordable rate is defined as no more than 30% of an eligible tenant’s income.

Pages

Resources

Forms

Fact Sheets

 

Construction

Awards & Payments/Others

Environmental

Mobile Home Program

$15.8 Billion

in economic output from the new jobs