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Buffalo-based M&T Bank is launching a mortgage subsidy program that allows qualifying homebuyers who are purchasing or refinancing properties in targeted neighborhoods within several counties throughout the Northeast - including towns in Fairfield and Westchester counties - as much as $18,750.
The program is available for buying or refinancing properties in U.S. Census tracts where more than 50 percent of residents are African-American and/or Hispanic. Scott Vahue, senior vice president for mortgage lending at M&T, said the program was available to qualified customers in the Fairfield municipalities of Bridgeport, Danbury, Norwalk, Stamford and Stratford. In addition, eligible census tracts in Westchester are in Bedford, Mount Kisco, Ossining, Peekskill, Port Chester, the Mount Pleasant-HarrisonElmsford area, and the Yonkers-Mount Vernon-New Rochelle area.
The program is also available in several other New York counties, as well as a...