2007-09-28 / Community

Margert Offers New Home Program

Margert Community Corporation announced, on September 25, a new program to provide homeownership purchase assistance to low- and moderateincome families in Queens.

The New York State HOME program is administered by the New York Sate Housing Trust Fund Corporation (HTFC). The program uses federal HOME Investment Partnership Program funds to expand the supply of decent, safe, and affordable housing within the state.

HOME awards are used to provide a first-time homebuyer purchase assistance subsidy, in the form of a deferred payment (or forgivable) loan, and may not exceed $30,000. Eligible recipients must be low- or moderate- income residents of Queens, who have found a home they can afford and can qualify for permanent financing. To qualify for the HOME program, those interested must complete a homebuyer education course taught by Margert Community Corporation.

In addition to home purchase assistance, Margert provides a range of housing programs and services, including housing counseling, homeownership training, affordable mortgage loans, special loan programs, credit counseling, a "Your Money Counts" course and home maintenance training.

For more information, call 718-471- 3724.

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