NYSAR advances first-time homebuyer proposal with governor’s office

Last week, NYSAR CEO Duncan MacKenzie and Government Affairs Director Mike Kelly had a meeting with representatives from Gov. Andrew Cuomo’s office and the Division of Budget on an initial proposal to implement a statewide First-Time Home Buyer Savings Account program. The program, outlined in NYSAR’s 2015 legislative priorities, would allow individuals and couples to put aside money in a special savings account to be used only for upfront costs associated with purchasing a first home in New York State. This will continue to be one of NYSAR’s legislative priorities in 2016.