New York’s relief program for homeowners is open for business.
Gov. Kathy Hochul announced Monday that property owners can now apply for financial help from the $539 million New York State Homeowner Assistance Fund. The program will provide aid to eligible homeowners at risk of default, foreclosure or displacement because of the pandemic.
“For many, buying a home is the greatest source of economic and social stability, and our Homeowner Assistance Fund—the first in the nation to be approved—is a critical tool to help ease the pain of the pandemic felt disproportionately in rural communities, communities of color and immigrant communities,” Hochul said in a statement.
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