Laberge Group is proud to announce securing $400,000 for the Village of Kiryas Joel to continue the P.A.T.H.(Providing Assistance to Homebuyers) program. Funding was secured through the New York State Office of Community Renewal as part of the 2014 NYS CDBG Competitive Housing Round. With CDBG funding, the P.A.T.H. project will be administered by the Kiryas Joel Community Housing Development Organization (KJCHDO) and will provide financial assistance to first time homebuyers that earn eighty percent (80%) or less of the Area Median Income with a grant to cover downpayment and closing cost. The program will provide a maximum of $20,000 to pre-qualified mortgage ready low to moderate income households. The objective of the program is to enhance the quality of life of low-income families by enabling first-time homebuyers to qualify for reduced interest rate mortgages and purchase affordable housing within their hometown community.
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