Photo courtesy of www.pedbikeimages.org
/ Dan Burden
Both public and nonprofit organizations can establish programs
that offer assistance to prospective homeowners in making down
payments and paying closing costs.
Locally, there are two organizations that offer mortgage assistance
to first time, low-income residents. Better
Housing for Tompkins County works outside of the City of Ithaca,
but within Tompkins County, and Ithaca
Neighborhood Housing Services works within the City of Ithaca.
They both offer programs that provide financial assistance by
offering low-interest, deferred, or short-term mortgages for home
purchases and related necessary home repairs.