SONYMA offering 2% mortgages for Habitat for Humanity-built homes

The State of New York Mortgage Agency (SONYMA) is launching an innovative $5 million, 2% fixed-rate mortgage program in support of the Habitat for Humanity homeownership program in NYS. The program will create new resources for affordable home production across the state. SONYMA will also offer closing cost assistance to borrowers as part of its low-cost mortgage partnership with Habitat.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.