Housing

Reverse mortgages are becoming popular in America. Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more.

If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information that is free from HUD!

Learn About Making Home Affordable

Refinancing: Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home.

Modification: Many homeowners are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income.

The need for safe, decent and affordable housing remains an ongoing challenge for the State of New York. This agency is committed to meeting this worthy challenge in comprehensive and innovative ways. The programs described below reflect our aim of advancing our housing goals for the benefit of our customers, the people of New York State.

AoA, through the Older Americans Act and other legislation, supports programs that help older adults maintain their independence and dignity in their homes and communities. In addition AoA provides funding for a range of supports to family caregivers.