NYSAR Talks Up First-Time Buyer Proposal

ALBANY—Last month, New York State Association of Realtors CEO Duncan MacKenzie and NYSAR Government Affairs Director Mike Kelly attended a meeting with representatives from Gov. Andrew Cuomo’s office and the Division of Budget on an initial proposal to implement a statewide First-Time Home Buyer Savings Account program.

The program, outlined in NYSAR’s 2015 legislative priorities, would allow individuals and couples to put aside money in a special savings account to be used only for upfront costs associated with purchasing a first home in New York State. The proposal will continue to be one of NYSAR’s legislative priorities in 2016, NYSAR officials stated.