Governor Hochul recently signed a legislative package aimed at expanding tax relief for New York homeowners, particularly those age 60 and older, and improving the Residential Emergency Services to Offer Repairs to the Elderly (RESTORE) program.
HCR's RESTORE program provides financial resources for senior homeowners to make repairs that allow them to continue living independently in their homes.
The package also includes an extension, through 2028, of a law allowing local municipalities to provide a property tax exemption for first-time homebuyers purchasing newly constructed homes.
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