Establishes the "New York student loan assistance and home purchase act" to help residents with student debt buy homes.

The bill establishes the "New York student loan assistance and home purchase act" to facilitate home purchases by individuals burdened by student debt. It provides financing opportunities for consolidating student debt into a mortgage. Accepted applicants must maintain the purchased home as their primary residence for at least five years. The program does not consider foreclosure status, home cleanliness, or whether it will be the applicant's first home.

Establishes the "New York student loan assistance and home purchase act" to help residents with student debt buy homes.

The bill establishes the "New York student loan assistance and home purchase act" to facilitate home purchases by individuals burdened by student debt. It provides financing opportunities for consolidating student debt into a mortgage. Accepted applicants must maintain the purchased home as their primary residence for at least five years. The program does not consider foreclosure status, home cleanliness, or whether it will be the applicant's first home.