Monticello, NY – Sullivan County has been awarded $442,500 in Community Development Block Grant (CDBG) funds from the New York State Office of Community Renewal (OCR) to assist low- to moderate-income households in purchasing their first homes.
Assistance will be provided in the form of grants to eligible prospective buyers for downpayments, closing costs or home improvements. Grants will be up to $25,000, depending on the buyer’s needs.
The Sullivan County Division of Planning will be working with RUPCO Inc. to administer the program. RUPCO has extensive experience in implementing first-time homebuyer programs.
The County is hosting an informational session on Tuesday, March 31 from 5:30-7:30 p.m. in the Government Center’s Hearing Room, 100 North Street, Monticello to provide details on eligibility and qualifying for the program. Households interested in purchasing a home in Sullivan and Homebuyer Professionals such as lenders and Realtors are encouraged to attend.
RUPCO will provide information on additional resources for first-time homebuyers, including other grant programs and low-interest-rate mortgage options. For information on RUPCO programs or to apply for the program, go to www.rupco.org under the Homeownership Center tab.
For those interested in attending, please call RUPCO at 845-331-9860 to register. Those already in the process of purchasing a home, and who meet the household income limits, should also contact RUPCO at the number listed above.
Household Income Limits
|
1 person |
2 people |
3 people |
4 people |
5 people |
6 people |
|
41,900 |
47,900 |
53,900 |
59,850 |
64,650 |
69,450 |