Homeownership
The State of New York Mortgage Agency (SONYMA) provides safe, low interest fixed-rate mortgages, down payment assistance and other programs specifically designed to help low- and moderate-income families become homeowners. For more information on obtaining a SONYMA mortgage, click here. For a list of participating lenders click here.
Affordable Housing Developers
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.
Mortgage Insurance
SONYMA offers mortgage insurance to lenders of multifamily housing. Click here to learn how to become an approved lender eligible for SONYMA insurance.
Lenders
SONYMA offers useful information to participating lenders -- including recent announcements, forms, manuals and other tools -- to enhance lenders' partnership with SONYMA.
Local Governments
The State of New York Municipal Bond Bank Agency (MBBA) provides access to the capital markets to benefit local and county governments. Its Recovery Act Bond program helps local governments use new bonding authorization in the federal American Recovery and Reinvestment Act of 2009 (ARRA). Click here for details.
Office of Fair Housing
OFHEO's goal is to achieve fair and equitable access to housing and to the economic opportunities participating in the housing industry for the people of New York State. For more information, visit the OFHEO page.
Today's SONYMA Interest Rate
*For a 30-year mortgage with 3% down. Down payment assistance not included. For complete rates, click here.
News
- Camba Gardens-209 Units of Affordable and Supportive Housing
- Governor Cuomo Announces Additional Resources for Storm Victims Affected by Hurricane Irene and Tropical Storm Lee
- Gotham West Will Offer More Than 600 Affordable Apartments
- Governor Cuomo Announces $4.2 million in Community and Economic Development Grants to Create and Retain 695 Jobs
- HCR Joins CPC and Rockland Housing Action Coalition to Celebrate Completion of Hyenga Lake Senior Housing in Spring Valley
- HCR Celebrates Opening of Energy-Smart Liberty Apartments
- HCR Celebrates the Opening of The Rochester Avenue Apartments, a New 65-Unit Supportive Housing Project in Brooklyn
- State of New York Mortgage Agency (SONYMA) Authorizes Issuance of Refunding Bonds
- New York State Homes And Community Renewal Announces Consolidated Funding Application Workshops
- HCR Announces $78 Million in Low-Interest Loans and Tax Credits to Build and Preserve 2,200 Units of Affordable Housing
- Funding News for Local Program Applicants
- HCR Breaks Ground on Richmond Hill Senior Living in Queens
- Van Rensselaer Village Rehab Featured in National Publication
- Homes and Community Renewal Message for CFA
Quick Links
- For information about procurement at "nyhomes," click here.
"nyhomes" has published its 2009 Annual Report. Click here to read about our accomplishments last year.- "nyhomes" now offers mortgage insurance on HFA construction loans for renovations of housing projects that agree to remain affordable. Click here for the "Day 1" program term sheet; click here for the press release.
- To find helpful information about purchasing "nyhomes" bonds, please click on the "nyhomes" Bond Sales page.
- "nyhomes" is now on Twitter! To keep up with all the news about our agencies, go to: http://twitter.com/nyshousing.
- Are you behind on your mortgage or facing foreclosure? Click here for a list of counseling agencies that offer assistance. Click here for information about the Federal government"s new program to help homeowners at risk. Thinking of buying a new home" Click here for important information to help you make a decision. And click here for help in applying for a SONYMA mortgage.
- Units available in HFA-financed developments are listed on the "nyhomes" renters page. To see a list of these developments, click here.
- The Public Authorities Reform Act of 2009 requires public authorities to make available governance information related to their operations and finances. Click here to see the governance information for the agencies that make up "nyhomes."