w*****3
发帖数: 683 | 1 Financial help for first-time Nassau homebuyers
Friday March 29, 2013 11:00 PM By Sid Cassese
Nassau County Executive Edward Mangano. (March 19, 2012)
Photo credit: Howard Schnapp | Nassau County Executive Edward Mangano. (
March 19, 2012)
Nassau County Executive Edward Mangano announced the award of $500,000 in
Federal HOME Investment Partnerships Program funding to help make home
ownership a reality for some first-time buyers.
“My administration has made it a priority, working with the Long Island
Housing Partnership, to create ways in which to assist families, seniors,
and young adults with housing options,” said Mangano, adding he already has
helped create 850 new housing opportunities in the county.
The U.S. Department of Housing and Urban Development program provides that
the funds be set aside to provide eligible first-time home buyers with up to
$20,000 toward down-payment/closing costs for the purchase of an eligible
single-family home.
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The applicants must provide a minimum down payment of at least $3,000 in
addition to satisfying the mortgage lender’s minimum down payment
requirements and being able to secure a mortgage. Homeowners must live in
the home at least 10 years or HUD will demand full repayment.
Homeowners must occupy the property as a principal residence, and their
gross annual income can’t exceed income limits as outlined in HUD
guidelines.
More than 30 applicants were assisted under the same program in the last
fiscal year.
Applicants must attend a mortgage counseling session, be able to secure a
mortgage, and have a minimum household income of at least $30,000.
Applications are available by mail on request or can be picked up at the
Nassau County Office of Community Development, Home Ownership Center, 40
Main St., First Floor, Hempstead, NY 11550. For information, contact Norman
Gersman at 516-572-2723 or Jessica Ostrosky at 631-435-4710. Applications
will be evaluated and certified on a first-come, first-served basis, until
60 applicants qualify or May 31, whichever is first. | c******2
发帖数: 4019 | | i*****g
发帖数: 2564 | 3 Not a bad deal, but probably many (if not most) Chinese family will over-
qualify on the income limit. Good for family with cash incomes.
【在 w*****3 的大作中提到】
: Financial help for first-time Nassau homebuyers
: Friday March 29, 2013 11:00 PM By Sid Cassese
: Nassau County Executive Edward Mangano. (March 19, 2012)
: Photo credit: Howard Schnapp | Nassau County Executive Edward Mangano. (
: March 19, 2012)
: Nassau County Executive Edward Mangano announced the award of $500,000 in
: Federal HOME Investment Partnerships Program funding to help make home
: ownership a reality for some first-time buyers.
: “My administration has made it a priority, working with the Long Island
: Housing Partnership, to create ways in which to assist families, seniors,
|
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