Assemblyman Bill Reilich (R,C,I-Greece) meets with veterans at Memorial Day Ceremonies in the Town of Greece.
“This is a terrific program that will help veterans achieve the dream of homeownership,” remarked Reilich. “Owning a home is part of the American dream and we should do all we can to help those who have protected our freedoms and liberties by affording them assistance to realize the dream of homeownership.”
Eligible veterans purchasing a home through the Homes for Veterans Program will receive below-market mortgages with fixed interest rates as low as 4.875% to buy their first home or a new home. Eligible veterans, their spouses or co-borrowers do not have to be first-time homebuyers in order to qualify for this program, but will have to satisfy the State of New York Mortgage Agency’s (SONYMA) income and home purchase price limits as well as other requirements.
“I encourage all eligible veterans looking to purchase a home to apply to the Homes for Veterans Program,” said Reilich. “However, veterans serving or returning home from Iraq and Afghanistan need additional support, and that is why I continue to call on the Assembly Majority to pass “Patriot Plan IV.” The plan, in addition to helping veterans achieve the goal of owning a home, would also provide a daycare assistance program for members of the organized militia (the Army and Air National Guard) and would extend state benefits now offered to minority- and female-owned business enterprises to disabled veterans whose disabilities are directly service related.”
“We should do all that we can for veterans serving in the Armed Forces,” added Reilich. “Veterans have a number of concerns outside of homeownership and the Assembly should pass this legislation for our troops. It is the least we can do for the brave men and women who put their lives on the line for our freedom and safety.”