Clients Benefited from Our Products and Services

Knowledge is the key to a home of your own. . .

Learn how to avoid the pitfalls when making one of the biggest investments in your lifetime !

 

 

Barron Family
- 1 Family House
- Little Neck, New York

Barry Barron and his two siblings, shown from right to left, are elderly individuals living in Little Neck, New York. The Barron family originally owned a large piece of property, but during over one hundred years of ownership most of the property was sold off, and the current home and a small plot of land were all that remained. Some years ago, due to various circumstances, the Barrons lost the home, which had no heating, cooking or septic systems, and whose lot had fallen into disrepair.

Community Homes completed significant rehabilitation of the Barron's house and property, including installing oil heating, electric cooking and septic systems.

Community Homes recently helped the Barrons become homeowners again, assisting them in purchasing the house with the support of a $25,000 grant from DHCR and a reverse mortgages from HUD which guarantees that they will have no monthly payment other than property taxes.

 

During the Barron's homebuying process, Community Homes worked to educate them on how to maintain the house and care for the property. Community Homes will monitor the Barron's progress as homeowners on an on-going basis and provide any support they may need to ensure that they are able to maintain a safe and affordable home.

 

 

 

Mrs. Helfenbein
- 1 family house
- West Hempstead, Long Island

Rehab loan (very low interest rate for seniors and disabled)

to assist clients lowering cabinets and stove, making living space throughout the house more wheelchair accessible (i.e. opening walls)

In addition to helping families become new homeowners, the AAFE CDF also provides a variety of services for current homeowners. Here, Mrs. Helfenbein used a Rehabilitation Loan to make needed disability-access improvements on her West Hempstead home, including a new ramp leading into the entrance, adjusting the height of her kitchen counters and appliances, and widening hallways through the house.

 

 

 

Mr. and Mrs. Sasso
- 3 family brownstone
- Brooklyn, NY

Affordable interest rate downpayment and closing cost assistant loan

For those who qualify, the AAFE CDF offers affordable interest down payment and closing cost assistance loans through its Down Payment Assistance Loan, or "PATH," program. Mr. and Mrs. Sasso, pictured here, took advantage of the loan and were able to close on a beautiful 3-family brownstone apartment in Brooklyn, NY.

 

 

 

 

 

Mr. and Mrs. Khan and Family
- 2 bedroom co-op
- Jackson Heights, Queens

Cash grant for downpayment and closing cost, also rehab assistance

After receiving a down payment-assistance grant and extensive homeownership counseling from the AAFE CDF, Mr. and Mrs. Khan found their dream home in the form of a two-bedroom co-op in the burgeoning neighborhood of Jackson Heights, Queens. The grant program was designed for families such as the Khans, who have good credit and steady income, but who would have difficulty in amassing the cash required for the down payment on a new home.