NYSAR has launched a public campaign to support its
NY
First Home proposal to make buying a first home more affordable in New York State. The
program would allow individuals to put away up to $5,000 ($10,000 for couples)
per year in a designated savings account to be used solely for costs associated
with the purchase of a first home. These funds would be deductible on state personal income taxes, and the principal and any gain
would be tax free. The NY First Home campaign will be calling on members and
the public to
take action by contacting
legislators to support and pass this proposal into law. Online ads, a
mailer and
phone calls will drive support. Learn more at
NYFirstHome.com.