2004-04-30 / Community

Senator Smith Promotes Housing Services Program

Senator Smith Promotes Housing Services Program

State senator Malcolm A. Smith has announced that Neighborhood Housing Service (NHS) of Jamaica is ready to implement its Closing Costs Assistance Grant Programs with New York State HOME funds.

"Many potential homebuyers are often prevented from purchasing a home simply because they cannot afford to pay the closing costs associated with the purchase," Senator Smith said. "This assistance grant—available through NHS of Jamaica—will enable individuals to overcome that financial obstacle, and help them realize their dream of owning a home."

The NHS of Jamaica is a not-for-profit community-based corporation that is committed to revitalize neighborhoods in southern Queens by offering counseling, technical and financial assistance to low and moderate income residents. Closing Cost Assistance support for homebuyers is a loan program designed to help homebuyers meet out-of-pocket expenses associated with purchasing their own home. Loans can be as much as $15,000 at 8% for 15 years, and can be used to purchase a cooperative apartment or 1-4 unit home. According to Senator Smith, applicants may either pick up applications at the NHS Office in Jamaica, located at 89-70 162nd Street, or send a self-addressed stamped envelope to receive it by mail. Completed applicants must be returned to the post office box indicated on the application form by the due date. Applicants will be selected through a HOME Grant Lottery to be held at 6:00 p.m. on Thursday June 3, 2004 at the Queens Borough Public Library located at 89-11 Merrick Blvd in Jamaica. All applicants will be notified about their status in the process within 10 days after the drawing.

"I encourage those individuals who are considering purchasing a home for the first time, and are anticipating closing cost financial hardships, to apply for assistance through this grant program," said Senator Smith. "This program will offer many the chance of making their dreams of home ownership a reality." For further information please contact NHS of Jamaica a 718-291-7400. Interested individuals may also contact Senator Smith’s office at 718-528-4290.

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