Sign NY First Home Legislation into Law - Help New Yorkers Save for their First Home
Dear [State Lawmaker],
I am writing to urge you to sign the NY First Home legislation (S.4058-B,Little/A.5616-B,Ramos) which passed the State Senate and State Assembly with an overwhelming, bi-partisan majority in both houses.
If enacted, the NY First Home initiative would build on New York's economic progress by helping families and individuals across the state achieve the dream of homeownership. The initiative would allow New Yorkers to establish a first home savings account to help them save for rising closing costs and down-payment requirements which are creating serious financial barriers for future homebuyers.NY First Home is supported by 84 percent of New Yorkers and would incentivize individuals to stay here in New York and lay down roots, while also helping boost state and local economies through increased homeownership, consumer spending and investment in communities.
Thank you for your time and consideration on this important issue. More information on NY First Home is available at nyfirsthome.com.