Expands eligibility for the low interest rate program of the state of New York mortgage agency to certain graduates of post secondary programs or.
Expands eligibility for the low interest rate program of the state of New York mortgage agency to certain graduates of post secondary programs or comparable apprenticeship and workforce training programs for the purchase of certain property. This bill adds a new section to the real property tax law, making eligible individuals who have graduated from a program in post secondary education or comparable apprenticeship and workforce training programs. These individuals will be eligible for a period of seven years after graduation.
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