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. Governor Paterson Announces $25.5 Million To Build And Renovate 396 Affordable Housing Units 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 Offers 2% Mortgages in Support of Homes Built by Habitat for Humanity SONYMA Announces $747,000 Federal Grant To Provide Foreclosure Prevention Counseling Priscilla Almodovar Delivers Remarks at the Launching of the New York State Coalition for Excellence in Homeownership Education SONYMA and NeighborWorks® America Agree to Promote Homeownership in New York’s Underserved Communities	If you are behind on your mortgage payments, foreclosure prevention counseling is available. Click here for a list of organizations that may be able to help you. 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. Visit the Photo Gallery for photos of affordable housing created and preserved through financing by "nyhomes." Click here to go to the gallery. New York State has issued the 2007 Housing Report documenting the state's housing resources and spending. To read the report, click here. To read the press release, click here. Developers seeking financing for the same project from HFA and the NYS Division of Housing and Community Renewal's Home for Working Families program can now file a joint application. For more information, click here. 5.5%* *For a 30-year mortgage with 3% down. Closing cost assistance not included. For complete rates, click here.