New York bill A02338 creates a loan program for veterans to purchase homes or unimproved land.
New York bill A02338 amends the private housing finance law to establish a veteran's home and land ownership loan program. This program provides loans to veterans to purchase homes or unimproved land suitable for building, secured by a second mortgage. The agency, acting on behalf of the state housing finance agency, will manage the program, including loan terms, repayment, and bond issuance. The program aims to support veterans in achieving homeownership and stabilizing communities.
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