84 percent of New Yorkers support the NY First Home proposal.
80 percent agree the New York legislature should prioritize a first-time homebuyer incentive.
80 percent of New Yorkers believe that buying a home is a good financial decision.
For many hardworking New Yorkers who want to buy their first homes, barriers such as high-downpayment requirements and closing costs prevent them from realizing their dreams of home ownership.
Although interest rates remain at historic lows, research from the National Association of REALTORS® shows a significant decline in homeownership and – worse still – the percentage of first-time home sales is at its lowest levels in decades. Learn more…
If adopted, the NY First Home proposal would help New Yorkers achieve their dream of homeownership.
Modeled after the state’s 529 college education savings program, the NY First Home initiative would function as a dedicated, tax-free savings account program that would allow individual New Yorkers to:
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The New York State Association of REALTORS (NYSAR) is supporting far-reaching legislation that will make the NY First Home proposal a reality for millions of New Yorkers across the state.
Whether they live upstate or downstate, our residents struggle to save for their first down payment and afford our nation-leading closing costs.
Right now, the New York State Legislature is considering the broad-based NY First Home proposal.
Your support today can make the difference for first-time homebuyers tomorrow. It’s a win for the people of New York and the state’s economy.