An area of New York offers grants to promote new residences. This is Rochester, a city that launched the Greater Roc Relocate program, dedicated to those who wish to become homeowners in that location. Benefits for applicants will be in amounts of up to US$9,000, with a focus on those willing to move from more than 300 miles away (482 kilometers).
They must be over 18 years of age and be authorized to work within the United States. After confirming their participation in the program, they have six months to complete the moving process.
The program already has 32 beneficiaries, who work remotely.
Additional Assistance for Homebuyers in New York City
In parallel, Rochester has several programs dedicated to facilitating real estate purchases under the following requirements:
Home Purchase Subsidy Program
Up to $US3000 is provided for first-time buyers to help cover closing costs. Established income requirements must be met.
Sonyma Programs
The New York Mortgage and Financing Agency offers the Achieving the Dream and Low Interest Rate programs to help with home purchases through affordable payments.
Home Buyer’s Dream Program
These are grants for down payments and closing costs for first-time buyers whose area median income (AMI) is up to 80%.
Neighborhood Assistance Corporation of America
provides access and assistance in purchasing affordable homes for buyers with poor credit. It seeks to strengthen homeownership in both rural and urban areas.
VA Home Loans:
The Veterans Administration (VA) offers affordable home loan guarantees, through private lenders, to military service members, eligible surviving spouses, and veterans.
Federal Housing Administration
offers secured mortgage loans to enable buyers to obtain affordable homes on favorable terms.
Guaranteed Loan Program for Single-Family Homes
This is support for the construction, purchase, improvement and rehabilitation of eligible rural homes, with 100% financing and no down payment required for qualified buyers.
Source: Ambito
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