City Staff Ideas Challenge
#nycspeaks2022 Share your ideas for bold actions the Mayor should take
Low Interest Rate Mortgage Exclusively for NYC Employees
NYC employees should be able to afford and purchase property in NYC. For our public service we should be eligible for a low interest rate mortgage with forgiveable downpayment assistance after a becoming vested.
List of Endorsements
and 65 more people
(see more)
(see less)
Report inappropriate content
Is this content inappropriate?
Comment details
You are seeing a single comment
You can check the rest of the comments here.
Conversation with sheila
There should also be an additional 10% down payment assistance for city employees as well as reduced mortgage rates. At this point, salaries do not cover rent and transportation. Living paycheck to paycheck does not allow one to save enough for a down payment, emergency fund, retirement, etc.
We do not leave from paycheck to paycheck. We are underliving actually. Borrow against next week when you get paid and return to your lender. Only grace period we have is when we get paid 3x in a month.
Loading comments ...