So many New Yorkers, and out-of-town guests, for that matter, come to Harlem for the food. Eater recently put out their list of To-Try restaurants but one wonders how recent the intelligence is given that Mountain Bird (highlighted here) is listed while no longer in business.
Another quibble is that Chaiwali isn’t included, but I suppose it’s someone’s list, not mine.
$100,000 for First Time Homebuyers
NEW YORK—The New York City Department of Housing Preservation and Development (HPD) today announced that the HomeFirst Down Payment Assistance Program will offer up to $100,000 to support qualified first-time homebuyers purchasing a home in New York City. The expansion more than doubles the amount of financial assistance available for first-time homebuyers and achieves a key goal of City’s Where We Live NYC fair housing plan to empower low-income New Yorkers with more housing opportunities in well-resourced neighborhoods.
Under the enhanced program, which takes effect today, the City aims to grow the number of homes affordable to low-income, first-time homebuyers, particularly in neighborhoods where housing prices place ownership out of the reach of low-income families.
“For too long, there’s been unequal access to homeownership, the largest wealth creator in this country,” said Vicki Been, Deputy Mayor for Housing and Economic Development. “This critical expansion of “HomeFirst” will serve to make New Yorkers more economically secure, our neighborhoods more stable, and a recovery for all of us more certain.”
“This major expansion of down-payment support is a big win for equity and diversity as it tackles one of the biggest barriers to homeownership for low-income families and families of color,” said HPD Commissioner Louise Carroll. “Positioning more families to own a home, build wealth for their kids, and take ownership of their communities is a key strategy for achieving our vision of a more equitable New York City.”
“In minority communities, one of the only ways to build and transfer wealth is through the accumulation of equity in properties,” said Council Member Robert Cornegy. “As Chair of the Housing and Buildings Committee, I am delighted at this new source of funding. We can come up with creative ways to support new homeowners, so HPD deserves praise for this new resource.”
HomeFirst offers financial assistance towards the down payment or closing costs of a home for first-time homebuyers of one-to-four-family homes in the five boroughs. Eligible applicants can earn up to 80 percent of the Area Median Income, or $86,000 for a family of three. HomeFirst participants must complete a homebuyer education course, contribute savings to the purchase, and live in their home for up to 15 years to receive the full benefits of loan forgiveness through the program. The Neighborhood Housing Services of New York City (NHS) administers the program on the City’s behalf, and it is funded by the U.S. Department of Housing and Urban Development (HUD).