Establishes a zero-interest, forgivable loan program for first-generation homebuyers to assist with down payments.

New York A04098 creates a first-generation homebuyer assistance program. It provides zero-interest, forgivable loans up to $15,000 for first-time homebuyers whose parents or guardians do not own residential property. Recipients must complete a homebuyer counseling course. The program aims to help first-generation homebuyers achieve homeownership by defraying acquisition costs.

Establishes a zero-interest, forgivable loan program for first-generation homebuyers to assist with down payments.

New York A04098 creates a first-generation homebuyer assistance program. It provides zero-interest, forgivable loans up to $15,000 for first-time homebuyers whose parents or guardians do not own residential property. Recipients must complete a homebuyer counseling course. The program aims to help first-generation homebuyers achieve homeownership by defraying acquisition costs.