NRP: National Revitalization Program in Kingston, Newburgh, Middletown

We’re connecting homebuyers with SONYMA’s Neighborhood Revitalization Program, a package of incentives to help owner‐occupant homebuyers purchase and renovate vacant homes in Kingston, Middletown and Newburgh.

Program features include:

* Up to $20,000 cash assistance to renovate a home that you purchase

* Access to financing additional improvements into your purchase mortgage for post-closing rehab

* NRP can be combined with other grants and assistance programs thereby maximizing your ability to make your new home safe, secure and energy-efficient

* SONYMA mortgages of 30 years, low interest, no “Borrower Points,” down payment assistance arranged through select banks (M&T Bank, Hudson Valley Federal Credit Union, Mid-Hudson Valley Credit Union)

Eligible Properties

* Vacant properties in designated areas capable of housing 1 to 4 families

* Seller must be able to pass a clean title to the purchaser

Eligible Applicants:

* Applicant must occupy the property as the primary residence

* Eligibility is determined by income limits up to 125% of Area Median Income (which varies by county) or 150% on a case‐by‐case basis

* Good credit, stable employment and ability to make monthly mortgage payments

We’re ready to assist you with the purchase of a vacant home* located one of the eligible communities of Kingston, Middletown, Newburgh. For assistance in Middletown and Newburgh, call (845) 713-4568; for assistance in Kingston, call (845) 331-9860.

*Vacant simply means no one is living at the address . The property does not have to be abandoned to qualify.

Regional Economic Development Finds Local Pulse of Latino/Hispanic Business Needs

First local meeting of Regional Initiative exploring Latino/Hispanic Economic Development

Earlier this week, a small group met at The Kirkland to lay groundwork for a larger conversation around economic access and business building in our Spanish-speaking communities.

Community Capital NY (CCNY) and Hudson Valley Pattern for Progress (Pattern) are collaborating on an initiative to establish a road map for additional business resources and access to credit for new and existing Latino/Hispanic enterprise. The initiative focuses on the cities of Beacon, Poughkeepsie, Kingston, Newburgh, Middletown and Port Jervis.

“Pattern & CCNY asked for our help in gathering the local perspective. We’ll hold business forums to collect community input. We invite Latino/Hispanic community members to come forward and share what business owners and entrepreneurs need to be successful. We’re asking simple questions like what’s needed, how’s credit working (or not), and what resources are out there to build opportunity,” notes Kevin O’Connor, Chief Executive Officer at RUPCO. “In the three relevant communities we serve — Newburgh, Kingston and Middletown — the Hispanic/Latino population is strong. Jobs and new business creation are top of mind for everyone, no matter color, race or culture. But we know access to resources is not equal. This initiative spearheaded by CCNY and Pattern will explore the current situation and make recommendations for our communities moving forward.” Community Capital and Pattern, with guidance from local advisory committees, will conduct local outreach to determine needs and barriers within the Latino/Hispanic business community. Based on this fact-finding research, the team will recommend best practices and develop a guide of local and regional resources available to the Latino/Hispanic business community.

Present at the Economic Development for Hispanic and Latino Businesses meet-up (pictured above) were Emily Hamilton (Deputy Director of Housing at Hudson Valley Pattern for Progress), David Sosa Rosa (Kingston business owner of La Roca Floral), Simone Obermaier (Senior Vice President of Lending at Community Capital New York), Hugo Jule (outreach coordinator at RUPCO’s Green Jobs | Green New York Program), Maru Gonzalez (Executive Assistant to the CEO) and Kevin O’Connor, both of RUPCO. The group identified first steps in gauging the climate of local Latino/Hispanic business, its networks and resource access. “We’ll hold a few more meetings here at The Kirkland, talk with more people with the help of pastors and the church community, to make people aware that this conversation is happening,” adds Maru Gonzalez. “To be a part of this local conversation, contact me at (845) 331-2140 and I’ll put you on our email list.” If you have questions about the broader Community Capital NY-Pattern for Progress initiative, contact Kim Jacobs (CCNY) at (914) 747-8020 or Joe Czajka (Pattern) at (845) 565-4900.