Applications open for aid to buy homes
Nassau County residents seeking to make their dream of buying a house a reality are invited to apply for a share of $500,000 in federal HOME Investment Partnerships Program funding.
“Home ownership and affordable housing is vitally important to keeping families, seniors and young professionals on Long Island and is critical to economic stability and continued growth,” Nassau County Executive Edward Mangano said in a news release Tuesday.
He went on to say that residents who meet the U.S. Department of Housing and Urban Development eligibility requirements “will have an opportunity again this year” to own a home.
In the previous year, 31 home-buying residents were helped under the program, receiving up to $20,000 toward down payment and/or closing costs.
Applicants must be first-time home buyers with an annual income of at least $30,000.
There are maximum income guidelines, such as those for a family of two, who cannot exceed an income of $67,800; of four, $84,700, and eight or more, $111,850.
Applicants must provide a minimum down payment of $3,000, be able to secure a mortgage and attend a mortgage counseling session. Houses must be in the county and have appraised values of less than $396,625.01.
For more information and applications, contact Norman Gersman at 516-572-2723 or the county’s agent for the program, the Long Island Housing Partnership, at 631-435-4710.
Applications will be evaluated and certified on a first-come, first-served basis. The deadline for submitted applications and supporting documentation comes when there are 60 qualified applicants or by Jan. 31. — SID CASSESE
Free workshops on foreclosure rights
Assemb. Michaelle Solages (D-Elmont) will host two free workshops next month to assist homeowners in understanding their rights in a foreclosure proceeding.
The first foreclosure workshop will be held Dec. 3 from 7 to 9 p.m. at the Elmont Memorial Library, 700 Hempstead Tpke. in Elmont. The second will be Dec. 10 from 10 a.m. to noon at Solages’ district office, 1690 Central Ct. in Valley Stream.
The two workshops are meant to provide an overview of the foreclosure process to homeowners struggling to make their mortgage payments and those who may already be in the foreclosure process. The workshops are being held in response to the increasing number of foreclosure filings in the state, officials said.
By early October, the number of foreclosure actions pending in the state topped more than 84,000 cases, according to the New York Law Journal. In Nassau County alone, more than 3,000 new foreclosure actions were filed with the court between January and October. — AISHA AL-MUSLIM