Establishes a home repair project revolving loan program and fund for low and middle-income households.
The bill creates a home repair project revolving loan program and fund for low and middle-income households. It authorizes the New York State Housing Finance Agency to provide zero-percent interest loans for emergent or essential home repair projects. Eligible households must have incomes not exceeding specified limits. The fund will receive an appropriation of $200 million. Homeowners can combine funds from the program with other subsidies for home repair projects.
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