August 20th, 2008
Listing
of Senior
Housing Units
New
York State
Division of Housing &
Community Renewal
568 Lower Allen St.
Hudson Falls
New York 12839
(518) 747-8250
Fax: (518) 747-4284
Home Purchase
Assistance
PLAN for the future.
PREPARE and save.
PURCHASE your own home.
Washington County Home Buyer Program
These funds could close the gap between what a home buyer can afford to pay as a monthly housing payment (approximately 28% of the household's gross income), and the cost of a safe, decent home. The average subsidy benefit will be approximately $15,500. Funds may be used in a variety of ways:
-
buy down the mortgage cost to make monthly payments affordable
-
assist with closing costs
-
assist with down payment
-
correct code violations or structural deficiencies
-
retrofit home for households with special needs
HomeFront will work with the home buyer as needed:
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to select a lending institution
-
to select a Realtor
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to identify an existing home that qualifies for program funding assistance
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to obtain bank approved home buyer education
What are the Income Guidelines?
Income guidelines for 2000-2001 were the Federal HUD, Section 8 Income Limits. Total GROSS household income shall not exceed 80% of the median income as listed.
|
Household Size
|
Gross Income |
|
1 person
|
$25,350
|
|
2 person
|
$29,000
|
|
3 person
|
$32,600
|
|
4 person
|
$36,250
|
|
5 person
|
$39,150
|
|
6 person
|
$42,050
|
|
7 person
|
$44,950
|
|
8 person
|
$47,850
|
How Will Applicants Be Selected?
A committee will select the most qualified applicants based on need, income and readiness to become a home owner.
AFFORDABILITY is a major consideration. Adequate income, limited debts, and bank financing are key factors for program participation.
ALL applicants will be required to participate in a certified home buyers' education workshop.
What Type of Home is Eligible?
Washington County existing housing stock. Suggested criteria for selecting a home would include homes built since 1950 and requiring limited repairs.
What Communities Will This Program Serve?
All communities in Washington County.
Where Can I Get More Information?
Please visit our Contact Us page for contact information.
HomeFront staff is sometimes out of the office, so please leave your name, number and a brief message. Someone will return your call.
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Austin Perry Corners |
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Lufkin Commons |
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Westfield Heights |
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Moss Street Square |
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