Buying a Home in Midtown Albany?(May 10, 2006)
Individuals and families purchasing a home within the Midtown Homeownership Zone Phase I boundaries are still eligible to apply for a $5,000 forgivable loan toward down payment and closing costs if they are faculty members or staff of the University at Albany.
There are no income restrictions.
- Properties must be owner-occupied.
- One to four unit properties are eligible.
- Purchaser does not need to be a first-time homebuyer, but cannot own any other residential properties at time of closing.
For more information, contact Kelly Scott,
City of Albany Department of Development &
Planning, at (518) 434-2532, ext. 12, or