nyhomes.org - Providing Affordable Housing Solutions for New York State


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	The State of New York Mortgage Agency (SONYMA) provides safe, low interest fixed-rate mortgages, closing cost assistance and other programs specifically designed to help low- and moderate-income families become homeowners. If you want to get a SONYMA mortgage, click here. The Housing Finance Agency (HFA) and the Affordable Housing Corporation (AHC) offer financing to for-profit and not-for-profit developers to encourage the construction and preservation of affordable housing in communities across New York State. SONYMA also offers mortgage insurance to lenders of multifamily housing. Information for SONYMA participating lenders includes recent announcements, forms, manual and other tools to help you be successful. SONYMA to Issue $168 Million in Bonds to Finance Near-Record First-Time Homeowner Mortgages Statement from Governor David Paterson Regarding the American Housing Rescue and Foreclosure Prevention Act of 2008 Governor Paterson Announces $357 Million To Build and Renovate Affordable Housing Units Across New York State Governor Paterson Awards First "Block-by-Block" Grants State of New York Mortgage Agency Partners With DHCR, HUD and Public Housing Authorities to Offer 2% Mortgages to Section 8 Recipients SONYMA Creates “Community Housing Trust Initiative” to Help Land Trusts Maintain Affordable Homes NYS Affordable Housing Corporation Awards $2 Million to Housing Partnership Development Corporation to Launch “Neighborhood Stabilization Initiative” Mayor Bloomberg Celebrates Completion of Largest 'Green' Affordable Housing in Harlem Governor Paterson Announces Historic Increase in Housing Funds SONYMA Offers Closing Cost Assistance and Low Cost Mortgages to Buyers of New Energy Efficient Homes SONYMA Announces $747,000 Federal Grant To Provide Foreclosure Prevention Counseling	New York State has launched a public awareness campaign to promote the development of affordable housing throughout the state. Click here to view our Public Service Announcements. Click here to go to the new Affordable Housing Works! website. Funding is now available from HFA's Infrastructure Development Demonstration Program (IDDP) for infrastructure improvements associated with affordable housing projects. Municipalities, nonprofit corporations and charitable organizations are eligible. Click here for details. "nyhomes" has published its new "nyhomes at work" newsletter, which provides up-to-date information about our recent accomplishments at "nyhomes". Click here to read the June 2008 edition. "nyhomes" has issued its 2007 Annual Report — the first time we’ve compiled the accomplishments of all three of our housing agencies (HFA, SONYMA and AHC) in one report. Click here to read our Annual Report. SONYMA’s "Keep the Dream" program can help you refinance your adjustable rate mortgage if you are in danger of falling behind on your monthly payments. For details, click here. 5.875%* *For a 30-year mortgage with 3% down. Closing cost assistance not included. For complete rates, click here.