Homebuyer Assistance Program could benefit Teachers, Sanitation Workers!

Gusciora’s Assembly Bill A1452 establishes the “Police Officer, Firefighter, Public School Teachers, and Sanitation Worker Home-buyer Assistance Act” and appropriates $5 million for the program.

This bill is still in the works but Bill A1452 could benefit the people who keep us safe, the people who teach her children and the people who keep our cities and tow’s clean.

If it does pass, teachers, sanitation workers and police officers will be eligible fir a $10,000 loan fir a down payment for a home loan if they move to the municipality where they work.

However, keep in mind that although this would be a zero interest loan, it does come with a condition: This must be their primary address for five years and then 20 percent of the loan will be forgiven.

Would it be worth it to the officers, teachers and sanitation workers?

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