Wednesday, June 24, 2009

Mount Saint Mary/Saint Luke's Hospital Grant

Here's more information on applying for the Homeownership Incentive Grant from Mt. St. Mary and St. Luke's Hospital.

The grant is for $10,000 towards the downpayment/closing cost/renovation of your prospective home, if it is located within a certain radius of the college and hospital. It is basically within the boundaries of Robinson, North, Liberty and Broadway. Grants are first distributed to employees of either institutions, but the grant becomes available to community members in July (2009).

The grant is administered through Pathstone/Rural Opportunities. In order to be eligible, you have to meet the income requirements ($43,050 for a one-person household, $49,200 for a two-person, $55,350 for a three-person, $61,500 for four-person, etc.) and then attend the first-time homebuyer's course.

The next information session for the homebuyer's course is Monday, June 29, 2009. It takes place in Newburgh on 36 Chambers Street at 5pm.

The number for Pathstone/ROI is (845) 569-0770. For more information, there is a recorded message on ext.1.

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