The New York City Housing Development Corporation provides options for housing for a number of individuals in the New York City area. From rental assistance to home loans, down payment help and legal advice, the New York Housing Corporation can provide substantial help to first time, current or new home buyers.
New York City Housing Development Corporation
The New York State Division of Housing and Community Renewal oversees a number of programs including commnunity development and urban renewal projects. By coordinating efforts between local business leaders, community organizers, and financial interests, the DHCR is able to maximize benefit for all New Yorkers. They also provide help with home improvement projects and funds for living condition assistance.
The New York State Housing Finance Agency/State of New York Mortgage Agency is a department of state government that oversees finance and funding for home mortgages. Besides providing mortgage and loan advice, they can also help with government funding of down payments, loan forgiveness, and reasonably priced/fair loans for individuals who need assistance and qualify.
New York State Housing Finance Agency/State of New York Mortgage Agency
NEW YORK, NY., October 31, 2008 – The New York City Housing Development Corporation (HDC) today announced it has approved the issuance of its Multi-Family Housing Revenue Bonds in an amount not to exceed $160,000,000. Interest on the 2008 Series I Bonds will be exempt from Federal, state and local income tax.
The state Division of Housing and Community Renewal has announced $3 million in grants from the Residential Emergency Service to Offer Repairs to the Elderly (RESTORE) program which provides assistance to elderly residents who need but cannot afford to make emergency repairs to their homes.
DHCR Commissioner Deborah VanAmerongen said "We have unfortunately seen instances in which low-income seniors cannot make immediate repairs to hazardous conditions in their home. The RESTORE program helps to eliminate those threats to health and safety and allow effected senior citizens to live independently and safely in their own homes."
The State of New York Mortgage Agency (SONYMA) provides safe, low interest fixed-rate mortgages, closing cost assistance and other programs specifically designed to help low- and moderate-income families become homeowners.
If you want to get a SONYMA mortgage, click here
