Department of Development - Schenectady
105 Jay Street
Schenectady, NY - 12305
- (518) 382-5147
About Department of Development - Schenectady
Last-Modified: 2024-04-08 03:20:31The Department of Development in Schenectady has a first time home buyer's program. The program offers a second mortgage loan to 1st Time Home Buyers for up to 10% of the purchase price of a property to use for a required down payment and or closing costs with a lender.
This program requires repayment of or 25% of the amount borrowed at 4% interest for five years. The other or 75% of the loan amount will be converted into a grant provided you continue to own and live in the property for the full term of the loan.If you transfer the property or fail to live in the property during the five-year period, the grant portion of the loan must be repaid in full with no interest.
For more information, contact the organization.
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1 Reviews of Department of Development - Schenectady
I need help I lost my best friend of 15 years back in August he passed from cancer of the liver it happened quickly ... when I lost him I lost his income... I have applied everywhere .. being I have some money coming in dss can’t help. I’m on ssi 881. Doesn’t cover half of what I have to pay my rent alone is 800. Is there anyone or program that can help me? I don’t know where to turn all I’m trying to do is get into a smaller then what I’m in now ...1bed rm low income apt that I can afford.
