Establishes a small homeowner rehabilitation revolving loan program for eligible properties in New York.
The bill establishes the small homeowner rehabilitation revolving loan program within the New York state housing finance agency. The program will provide low-interest, deferred payment, or forgivable loans to eligible small homeowners for rehabilitation and repair projects. The program will consist of moneys appropriated by the legislature, repayments of principal and interest on loans made from the program, interest earnings, private or philanthropic contributions, and any other moneys made available for its purposes.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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