Urge state lawmakers to pass NY First Home bill

The REALTOR-supported NY First Home legislative proposal would provide first-time home buyers an incentive to save for and purchase their first home in New York State. The program would be similar to NY’s 529 college education savings account and would allow individuals to deposit after-tax income into a bank account designated only for costs associated with buying a first home in New York State. Individual taxpayers, or couples if filing jointly, would then be able to deduct these savings against their federal adjusted gross income. To learn more and take action, visit nyfirsthome.com.