Governor Cuomo Announces 37th Proposal of 2017 State of the State: Encourage Recent College Graduates to Become First-Time Homeowners in Upstate Communities

Governor Andrew M. Cuomo today unveiled a new Graduate to Homeownership Program to provide recent college graduates with homebuyer assistance to remain Upstate, especially in downtown areas. Despite being home to some of the nation’s top colleges, many Upstate communities struggle to retain recent graduates. This $5 million pilot program will incentivize homeownership with subsidized low interest loans, down payment assistance and homebuyer education courses to encourage young people to stay and continue revitalizing Upstate New York’s downtown areas