CAP

Community Action Partnership for Madison County
3 East Main St., P.O. Box 249
Morrisville, NY  13408
Telephone: 314-684-3144

Housing Ownership Division Description
Community Action Partnership for Madison County’s Housing Division offers a variety of opportunities for low- and moderate-income families to become home owners.

Housing Ownership— Thanks to federal and state grants, CAP is able to provide up to $24,000 to eligible applicants to purchase an existing home.  Households must be within the income guidelines (below).  Applicants may be first time home buyers, may not have had their name on a deed or mortgage for 3 years, or may be a displaced partner/homemaker.  Applicants do NOT have to work or live in Madison County to be eligible.

 

Number in
Household
Maximum Gross
Annual Income
1 $35,650
2 $40,750
3 $45,850
4 $50,950
5 $55,050
6 $59,100
7 $63,200
8 $67,250

Housing Counseling— CAP offers a 12 hour Homebuyer Education Class approximately every two months to prepare individuals and families to obtain or maintain home ownership.  The course is mandatory for all approved grant applicants and free for anyone within the income guidelines (above).  Material covered includes terminology used in the buying process, budgeting and credit counseling issues, mortgage products, interest rates and underwriting criteria, forms used in the process (purchase offer, disclosure forms, closing forms) and repairs.  A certificate is issued upon completion.

Additional Services— CAP offers budgeting counseling, credit counseling, default management, and rent stabilization (by facilitating negotiations between tenants and landlords).  For senior citizens looking for an income and wanting to remain in their homes, CAP offers help with reverse equity mortgages (HECM).
       
Community Action Partnership for Chenango County
Opportunies for Chenango County

43 Hale St.,
Norwich, NY  13815
Telephone: 607-336-2101  Ext. 125