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Volume 2008 - Number 13_IAM | June 27, 2008
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NY Program to Help Low-Income Renters Own

Two affordable housing agencies in New York recently teamed with the Department of Housing and Urban Development to help low-income renters become homeowners. The program offers 2 percent fixed-rate mortgages to recipients of Section 8 vouchers to help them become first-time homebuyers. The mortgages are a result of a partnership announced this month between HUD, the State of New York Mortgage...

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