Does the State offer any homeownership programs geared specifically toward low-income people?

 Yes, the State of New York Mortgage Agency (SONYMA) administers the Achieving the Dream Program (ATD), which may prove helpful to low-income people looking to purchase their first home. The program features a very low, fixed interest rate with no points and with up to 97% financing. Certain restrictions may apply. For details click on More Info below or call 1-800-382-HOME (4663).

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The State's homeownership program for low-income residents
Link to information about SONYMA's Achieving the Dream Program and its requirements.
URL: http://www.nyhomes.org/home/index.asp?page=296