The city of Glen Falls is one of eight in New York state that will be part of a new, $5 million Graduate to Homeownership program designed to help recent college graduates become first-time homeowners.
The pilot program offers low-interest rate mortgages, a down payment assistance loan with no additional fees, and a homebuyer education course.
Other cities participating are Jamestown, Geneva, Elmira, Oswego, Oneonta, Plattsburgh and Middletown.
“We continue to invest in the development of downtown areas across Upstate New York, and with the launch of this innovative program, we will take our efforts a step further by enticing young graduates to make an investment in these communities and in their future,” Gov. Andrew Cuomo said. “By removing barriers for talented graduates and allowing them to afford a new home in the Empire State, we are laying the foundation for stronger, more viable communities across New York for generations to come.”
“This is a tremendous opportunity for the city to bring new residents into our community,” said EDC Warren County President Edward Bartholomew.
“More and more, young people today are looking to work and live in downtown areas with easy access to community restaurants, shopping, transportation, and culture. Gov. Cuomo’s Downtown Revitalization Initiative is rebuilding our downtowns into walkable and thriving communities where people want to live,” said Lt. Gov. Kathy Hochul. “The new Grad to Homeownership program completes the package by providing our graduates with the opportunity to buy homes in our downtowns, increasing their attractiveness as places to live, work and raise a family right in Upstate New York.”




