Who can apply: Homeowners earning up to 165% of the area median income — $186,450 for a two-person household — are eligible. Preference will be given to those earning at or below 100% of the AMI, which is $113,000 for a two-person household.
Total funding available: The 2022-2023 NYS Capital Budget provided $85 million over the next five years. An
Marni Leiken used a $20,000 grant from the Vermont State Housing Authority and a $10,000 no-interest loan to build an apartment above the carriage barn in her backyard.
The single mom, who works as a university administrator, rents out the apartment to help pay off her mortgage.
“For Vermont, which is very expensive, it made being here financially possible,” Leiken previously told BI.
Have you built an ADU on your property? We want to hear from you. Email the reporter, Alcynna Lloyd, at alloyd@businessinsider.com to share your story.
https://www.businessinsider.com/states-will-compensate-you-for-building-tiny-home-adu-2023-8