The Federal Home Loan Bank of New York (“FHLBNY”) approved Ukrainian Federal Credit Union as an official participant in the Homebuyer Dream Program™ (HDP). UFCU members may anticipate the first-time homebuyer grant program to go live in early July 2019.
The Homebuyer Dream Program™ is a federally regulated program that will provide funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers purchasing homes in New York. The potential maximum assistance is $15,000 per household.
“We’re excited to be approved for the HDP program and are looking forward to helping our first-time homebuyers with this grant initiative.” said Maria Milazzo, Chief Lending Officer at UFCU. Mrs. Milazzo went on to say, “As a Credit Union that works to serve the underserved, we think that HDP is a great opportunity for those who thought they couldn’t afford their own home.”