NY STATE HOMEOWNERS FUND CAN HELP SHAREHOLDERS & UNIT OWNERS

Low to moderate income homeowners--including HDFC shareholders and unit owners--are eligible for up to $50,000 in COVID-19 relief as part of New York State’s new HOMEOWNERS FUND. That means HDFC shareholders who are behind on monthly maintenance charges or a mortgage are eligible to apply. New York is the first state in the U.S. to implement this program, which is funded through the American Rescue Plan Act. New York State government’s affordable housing agency, NYS Homes & Community Renewal (HCR), will administer this program in partnership with Sustainable Neighborhoods, a non-profit organization dedicated to foreclosure prevention and homeownership preservation. The program begins accepting applications on January 3, 2022.  Visit https://www.nyhomeownerfund.org to learn about eligibility and about application requirements.

Questions? Contact:

Rachel D. Jaffe Senior Associate, HDFC Practice Group Coordinator E-mail Rachel

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