Army News, opinions, editorials, news from Iraq, photos, reports - Army Times

Quick Links

http://www.armytimes.com/news/2007/05/ap_vet_housing_070528/
news/2007/05/ap_vet_housing_070528

Governor eases vets’ mortgage worries


The Associated Press
Posted : Tuesday May 29, 2007 10:30:35 EDT

ALBANY, N.Y. — After listening to concerns of Fort Drum soldiers and families last week, Gov. Eliot Spitzer has announced a series of measures designed to address some of their problems, including a $10 million program to provide eligible New York veterans with low-interest mortgages.

The State of New York Mortgage Authority, or SONYMA, program through M&T Bank will provide mortgage rates “substantially lower than conventional financing,” according to the governor’s office. Financing, coupled with SONYMA’s closing cost assistance, construction incentives and remodeling financing “will greatly enhance the ability of U.S. military veterans to buy or improve their homes.”

In addition, the state Department of Housing and Community Renewal has approved tax incentives for the construction of about 200 housing units in the Fort Drum area. It will provide additional rental housing for low- and moderate-income families in the town of Watertown.

Spitzer also announced funding for counseling services intended to help with the stresses, substance abuse, and mental health needs of military families in the region dealing with lengthy overseas deployments and the strain of wartime.

A full-time state veterans’ counselor also will be established in Watertown, he said.

“We want to do all we can do to help those who are serving our nation during wartime,” Spitzer said. “That includes ensuring that their dependents and loved ones at home receive the assistance they need.”

Contests and Promotions

Military Times Gear Shop


promo Shop now...
for the Under Armour ColdGear Tactical Quarter Zip Shirt. Available in Black, Desert Tan, Marine Olive Drab (MOD) or UA Digital.

Win A 2009 Volvo S40 T5


promo Enter To Win...
the Grand Prize: A 2009 Volvo S40 T5. Five First Prizes: $150 Exxon Mobil Cash Cards. Click here to learn more about the Volvo S40 T5 and enter.

Service Members Of The Year


promo Nominate your hero
Nominations have begun for the 2009 Service Members of the Year awards. Tell us about your unsung hero today.

Marketplace

Mil-Mall


promo Military Veterans' Coins
Available for Army, Navy, Air Force, Marine Corps and Coast Guard

Military Discounts


Save on your purchases!
In honor of your military service, you can find regular and name brand products at a special discount.

Shoplocal

  Shop Local
Local Online Deals
Find the best deals at your local stores.