It’s no secret that real estate on Long Island is some of the most expensive in the state of New York, let alone the country – making home ownership feel like a far-off goal for many.
But, with the help of several special programs offered by Community Housing Innovations (CHI), homebuyers can receive the education to understand the market, create financial solutions and make the “American Dream” a reality. Thanks to a recent $2,500 donation from Suffolk Federal, Community Housing Innovation’s Homeownership Counseling & Education Program will continue efforts to support families throughout Suffolk County.
As a long-time trusted community institution with 10 convenient locations, Suffolk Federal offers its members better rates and fewer fees so that everyone can achieve financial freedom. Likewise, CHI offers counseling to hundreds of families, assisting with everything from home affordability analysis and the creation of a purchasing strategy and budget to homebuyer education classes and foreclosure prevention sessions. Together, this partnership will enable even more people to make smart sustainable homeownership decisions and choices.
“Purchasing and maintaining a home can be extremely daunting, and it is so important that in-depth programs like CHI exist to offer the resources and support to enable families to navigate through this process,” said Ralph D. Spencer, Suffolk Federal President & CEO. “At Suffolk Federal, we recognize that each individual has his or her own financial story and it is our commitment to provide access to innovative, customized tools and services which will benefit their particular housing situation,” he continued.
“Thanks to Suffolk Federal’s generous donation, CHI will bring the dream of homeownership to more families on Long Island,” said Alec Roberts, Executive Director, Community Housing Innovations. “CHI looks forward to our continuing partnership with Suffolk Federal.”
In addition to CHI’s counseling and educational program for first time owners, the organization also offers down payment and closing cost assistance for income-eligible households on Long Island as well as for those in Westchester and the Hudson Valley.
Photo left to right: Toni Ajello, Mortgage Director, Suffolk Federal; Julie Stern, Director of Homeownership Services and Tierra Monroe Grant Administrator/Certified Housing Counselor, Community Housing Innovations; and Cathy Rodgers, Mortgage Loan Officer, Suffolk Federal.