NEW YORK (CBSNewYork) — A new initiative will help New York homeowners struggling during the pandemic.
New York has become the first state in the nation to receive approval from the U.S. Department of Treasury to launch its Homeowner Assistance Fund.READ MORE: NYPD: Keber Martinez Arrested In Jacobi Hospital Shooting
“To a family that is sitting in their home… they’re thinking about what they can possibly do to stop this foreclosure from happening, and the loss of their beloved home. This is the lifeline they’ve been waiting for,” said Gov. Kathy Hochul.
The program will provide $539 million to help eligible homeowners.READ MORE: NYPD Officer Wilbert Mora Dies After Being Shot In Line Of Duty In Harlem: 'True Heroes Never Die'
Hochul said the state will prioritize those most at risk of being evicted.
She said it’s anticipated that applications will be accepted starting Jan. 3.MORE NEWS: NYPD Reports Shoplifting Levels Not Seen In Nearly 30 Years As Organized Retail Crime Ramps Up Nationwide
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