While many young couples starting a life together can afford monthly payments on a home, it is often difficult for them to meet the initial down payment costs. Through the assistance program, if the applicant continues to live in the home for five years, the loan is forgiven. During that five-year period, no loan payments are required to be made. We should benefit from this educational investment in our children and from their talents. They should be able to realize their potential here in Nassau County.
Eligibility includes maximum federal income guidelines for individuals and families.
The goal of this program is to give our children, who may be starting out in life with limited incomes, the opportunity to find affordable housing in Nassau County. By assisting them with the down payment, we will be permitting our sons and daughters to remain in Nassau and realize the same hope and opportunity which was afforded to us.