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Town of Babylon
200 E. Sunrise Highway
Lindenhurst, NY 11757
Ph: (631) 957-3000
Fx: (631) 957-7440
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Home Repair Program
Home Repair General Information
This program provides deferred payment loans (zero percent interest) to qualified low and moderate income homeowners in the Town of Babylon. The purpose of the loan is to improve housing conditions and correct housing code violations by repairing and rehabilitating health and safety hazards (not expansion or redecorating). The appraised value of the home should not exceed $362,790.00 for FY 2013. This program has a one time only participation. 


Program Highlights
The maximum loan is $55,000 (without lead) to correct substandard housing code violations. Payment of the loan is deferred until the property is sold, the title is transferred, or the home is refinanced for cash out. Monthly payments are not required. The loan is secured by a mortgage placed against the property.

Eligible Home Repairs / Improvements
  • Electrical improvements
  • Handicapped improvements.
  • Insulation and energy conservation
  • New heating systems
  • New roof
  • New windows and doors
  • Plumbing
  • Structural improvements
  • Vinyl siding

Requirements 
  • Household income not to exceed HUD maximum income guidelines:
  • The following table represents the Low/Mod Income Limits for 2013:
  • Family Size

     

    1

    2

    3

    4

    5

    6

    7

    8

    Very Low 30

    21,600

    24,650

    27,750

    30,800

    33,300

    35,750

    38,200

    40,700

    Low 50

    35,950

    41,050

    46,200

    51,300

    55,450

    59,550

    63,650

    67,750

    Low / Mod 80

    57,450

    65,650

    73,850

    82,100

    88,650

    95,200

    101,800

    108,350

    NSP – 120%

    86,200

    98,500

    110,800

    123,100

    132,950

    142,800

    152,650

    162,500

    This chart is based on FY 2013 Median Income for a family of four @ $102,600


 

  • Mortgage, taxes, and homeowners insurance paid up to date
  • Must have no more than one mortgage / lien existing on home.
  • Owner occupied (at least one year)
  • Town of Babylon resident with a valid deed

 

The Long Island Housing Partnership (LIHP) administers the following programs on behalf of Babylon Town:

Babylon Town Down Payment Assistance Program
This program offers up to $14,000 for down payment and closing costs assistance towards the purchase of a single family home in the Town.  Purchasers must be income eligible and be a first time homebuyer.  The program is scheduled to re-open for applications in January 2013.

Wyandanch Rising Down Payment Assistance Program
This program provides up to $10,000 for down payment and closing costs assistance towards the purchase of a single family home within the boundaries of the Wyandanch School district.  Purchasers must be first time home buyers and income eligible.

Town of Babylon Veterans Down Payment Assistance Program
This program provides down payment and closing cost assistance towards the purchase of a single family home in Babylon Town.  The purchase must be a veteran who served honorably and on active duty since October 7th, 2011.  The amount of assistance provided is up to $10,000. 

All three of the homebuyer programs are administered by Jessica Ostrosky who can be reached at (631) 435-4710 Ex. 331.

Town of Babylon Home Improvement Program
This program provides a deferred payment loan to income eligible homeowners to make repairs and improvements to their homes.  Homes must be single family owner occupied and the principal residence of the household.

 The staff who administers this program is Carol Wood and she can be reached at (631) 435-4710 Ex. 315.

Neighborhood Stabilization Program
This program acquires foreclosed properties, rehabilitates the homes and then sells the property to an income eligible homebuyer.  All homes are brought up to code prior to sale.  The homes are sold at an affordable price to first time homebuyers.  All homebuyers must attend 8 hours of counseling prior to purchasing a home.  Homes are available in the communities of Wyandanch and Amityville.

 

Applications and information on the NSP Program can be obtained by calling Michelle Di Benedetto (631) 435-4710 Ex. 326