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HomenewsA New Nyc Program is Making Home Ownership Possible for More People...

A New Nyc Program is Making Home Ownership Possible for More People on Low Incomes

New York’s Brooklyn borough (PIX11) — A city program aimed at assisting low-income New Yorkers in purchasing their first house has made a long-held goal come true for a teacher in Brooklyn.

Amy Hamberry, now 44 years old, had been trying to win a New York City apartment for decades. In December, she received the email she had been anticipating since the previous summer: the chance to buy a house, not just rent one. She and her three kids don’t have to stress about making rent payments anymore.

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In the month of December, Hamberry relocated to her brand-new residence. She has taken the first step in leaving a legacy of money to her offspring. Once upon a time, it appeared impossible to achieve as a classroom educator.

One of the 17 low-cost houses in Brownsville, East New York, and Ocean Hill is Hamberry’s. Corey Galloway of BCDL Real Estate Development is the builder. He and his two co-developers are members of a minority group in New York.

Housing solutions, NYCHA, and the federal housing official

The Department of Housing Preservation and Development of the City of New York is responsible for the creation of low-cost housing for sale.

The program works in tandem with builders, offering them low-interest loans in order to construct on publicly owned land. In return, builders construct low-cost housing units that are distributed using a lottery system in New York City.

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Only individuals who fall within the allowed income range will be eligible to purchase one of the houses. A lot of the selected developers are locals who feel compelled to contribute back to the community.

Hamberry wishes that her tale would encourage others to keep trying. Nowhere is as comfortable as your own house, she added.

At the present moment, all East New York units are sold. Housing Link lists additional available properties, including a waterfront co-op in Carroll Gardens, for those looking to become homeowners.

Sapna Pal
Sapna Palhttp://newjerseylocalnews.com
Hello viewers, my self sapna. I am working as a content writer from last 5 years. In https://newjerseylocalnews.com/ where i uptated fresh news of new jersey and some other area and provience of united state of america. For daily news of newjersey just visit my website https://newjerseylocalnews.com/
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