Help New Yorkers Achieve the Dream of Homeownership

Jul 07, 2017

Urgent Call for Action  -  Help New Yorkers Achieve the Dream of Homeownership

TAKE ACTION and tell Gov. Andrew Cuomo to sign our NY First Home bill into law! Both houses of the state Legislature passed the bill in June, but now we need the governor to approve it.

The petition is open to the public, so please share this link !


The NY First Home initiative would allow New Yorkers to establish a tax-free savings account to help them save for the purchase of their first home and achieve the dream of homeownership.

If NY First Home is signed into law, New Yorkers could:

• Deposit up to $5,000 annually ($10,000 for couples) in a special savings account to go toward the purchase of a first home in New York State;

• Receive a state income tax deduction on the principal investment and any gains would NOT be subject to state income tax;

• Apply the savings and any interest earned toward closing costs and down payment for the purchase of a first home in New York State.


Thanks to REALTOR efforts, this bill has strong bipartisan support in the state Legislature, but now we need to make our voices heard by the governor.

Thank you for your support.  For more information visit nyfirsthome.com


LIBOR Government Affairs Department
300 Sunrise Highway
West Babylon, NY 11704
(631) 661-4800 Ext. 354
legis@lirealtor.com