Establishes the New American homebuyer assistance program in New York to help first-time homebuyers with flexible documentation guidelines.

The bill establishes the New American homebuyer assistance program within the New York State Mortgage Agency. It aims to assist first-time homebuyers by imposing flexible documentation guidelines that consider foreign documentation of income and assets. Eligible homebuyers must not have owned a primary residence in the U.S. in the past three years, be lawful permanent residents within the past ten years, and not own a vacation or investment home.

Establishes the New American homebuyer assistance program in New York to help first-time homebuyers with flexible documentation guidelines.

The bill establishes the New American homebuyer assistance program within the New York State Mortgage Agency. It aims to assist first-time homebuyers by imposing flexible documentation guidelines that consider foreign documentation of income and assets. Eligible homebuyers must not have owned a primary residence in the U.S. in the past three years, be lawful permanent residents within the past ten years, and not own a vacation or investment home.