News: New Media Releases

Ulster County Community Development Block Grant helps First Time Homebuyers.
Grants for closing costs, down payments and post closing repairs now available.

For Immediate Release
July 28, 2010
Contact: Joan Lawrence-Bauer
845-331-2140 x263

Kingston, NY -- 7/28/2010 — Rural Ulster Preservation Company (RUPCO) announced last week that it is administering a Community Development Block Grant (CDBG) on behalf of Ulster County to assist first time homebuyers with grants for closing costs, down payment, and post closing repairs. The program is available to prospective first time buyers who are mortgage qualified and have an accepted binder on a property they want to purchase. Applicants must earn less than 80% of area median income ($50,600 for a family of 4) to be eligible. Properties must be located within Ulster County but outside the City of Kingston to be covered.

RUPCO helped 48 Ulster County residents buy their first homes last year despite the economic woes of the state and region. Through its NeighborWorks®HomeOwnership Center, the agency offers and extensive array of counseling and funding services and programs which ensure that qualified applicants are able to sustain the homeownership commitment once they complete the closing.

Interested qualified buyers should contact RUPCO at (845) 331-9860, extension 226, for more information and applications. First time homebuyers that are not mortgage qualified but interested in RUPCO's homebuyer education and counseling program can also call (845) 331-9860, extension 220, and sign up for an orientation of program offerings.

Back to main New Media Releases page