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Jun 4, 2000 Corbin announces down payment assistance for first time homebuyers
Nassau County Legislator and Deputy Presiding Officer Roger Corbin (D-Westbury) joins with the Nassau County Office of Housing and Intergovernmental Affairs (NCOHIA ) in announcing the Home Down Payment Assistance Program for first time home buyers. "This program can help make the American dream of homeownership a reality for first-time homebuyers," Corbin said. The County will provide 50 percent of the total down payment and a minimum of $3,000 towards closing costs, Corbin explained. The total of both down payment and closing costs cannot exceed a maximum of $10,000 for income eligible applicants. The eligible homeowner will be responsible for the remaining 50 percent of the down payment and the remaining closing costs. A down payment is defined as the difference between the purchase price and the base mortgage. All homes must be purchased within Nassau County. For a full list of criteria or an application, call or write to the Long Island Housing Partnership, Inc, (serving as agent for NCOHIA) 250 Fulton Avenue, 4th Floor Hempstead, NY 11550 516.292.1645 Fax: 516.292.1193 - or - 180 Oser Avenue, Suite 800 Hauppauge, NY 11788 631.435.4710 Fax: 631.435.4751 Please call Legislator Corbin with any questions or comments at 516.571.6202. |