State grant may help out local homebuyers

NORWICH – First time home buyers in Chenango County may be eligible for a financial leg up, thanks to a grant opportunity that’s been pursued by county leaders and Opportunities for Chenango.

A resolution authorizing acceptance and establishing a disbursement account for the First Time Homebuyer Program – an initiative started by Opportunities for Chenango to educate potential homebuyers about the facts of homeownership and the buying process – was adopted by the county Board of Supervisors earlier this week.

Opportunities for Chenango and local government officials began the process of applying for a $350,000 Community Development Block Grant through the New York State Office of Community Renewal back in January. That application was recently approved by the state department, meaning county government will act as a conduit providing funds to OFC for the seventh installment of the First Time Homebuyer Program.

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