Establishes a program to help New York residents with student debt purchase homes by consolidating their debt into a mortgage.

The New York student loan assistance and home purchase act creates a program to facilitate home purchases for individuals burdened by student debt. The program consolidates student loans into a mortgage, allowing applicants to use the mortgage as a means to manage their debt. The program does not consider foreclosure status, home cleanliness, or whether the home will be the applicant's first residence. Accepted applicants must maintain the purchased home as their primary residence for at least five years.

Establishes a program to help New York residents with student debt purchase homes by consolidating their debt into a mortgage.

The New York student loan assistance and home purchase act creates a program to facilitate home purchases for individuals burdened by student debt. The program consolidates student loans into a mortgage, allowing applicants to use the mortgage as a means to manage their debt. The program does not consider foreclosure status, home cleanliness, or whether the home will be the applicant's first residence. Accepted applicants must maintain the purchased home as their primary residence for at least five years.