New York Housing Finance : New York State's Affordable Housing Lender

The State of New York Mortgage Agency (SONYMA) provides safe, low interest fixed-rate mortgages, down payment assistance and other programs specifically designed to help low- and moderate-income families become homeowners. For more information on obtaining a SONYMA mortgage, click here. For a list of participating lenders click here.

The Housing Finance Agency (HFA) and the Affordable Housing Corporation (AHC) offer financing to for-profit and not-for-profit developers to encourage the construction and preservation of affordable housing in communities across New York State.

SONYMA offers mortgage insurance to lenders of multifamily housing. Click here to learn how to become an approved lender eligible for SONYMA insurance.

SONYMA offers useful information to participating lenders -- including recent recent announcements, forms, manuals and other tools -- to enhance lenders' partnership with SONYMA.

The State of New York Municipal Bond Bank Agency (MBBA) provides access to the capital markets to benefit local and county governments. Its Recovery Act Bond program helps local governments use new bonding authorization in the federal American Recovery and Reinvestment Act of 2009 (ARRA). Click here for details.

4.00%*

*For a 30-year mortgage with 3% down. Closing cost assistance not included. For complete rates, click here.

Deborah Boatright, District Director for Neighborworks America's Northeast Division, a SONYMA partner in promoting homeownership.

“nyhomes” has published its 2009 Annual Report. Click here to read about our accomplishments last year.

Local governments, municipal housing authorities and not-for-profits can now apply for funding from the Governor's new Sustainable Neighborhoods Demonstration Program, which will make $2 million in state funds available to help revitalize upstate communities. Click here to download the Request for Proposals.

“nyhomes” now offers mortgage insurance on HFA construction loans for renovations of housing projects that agree to remain affordable. Click here for the "Day 1" program term sheet; click here for the press release.

To find helpful information about purchasing "nyhomes" bonds, please click on the "nyhomes" Bond Sales page.

“nyhomes” is now on Twitter! To keep up with all the news about our agencies, go to: http://twitter.com/nyshousing.

Are you behind on your mortgage or facing foreclosure? Click here for a list of counseling agencies that offer assistance. Click here for information about the Federal government’s new program to help homeowners at risk. Thinking of buying a new home? Click here for important information to help you make a decision. And click here for help in applying for a SONYMA mortgage.

Units available in HFA-financed developments are listed on the “nyhomes” renters page. To see a list of these developments, click here.

The Public Authorities Reform Act of 2009 requires public authorities to make available governance information related to their operations and finances. Click here to see the governance information for the agencies that make up “nyhomes.”