NY A02664

Expands the Homes for Veterans program to include veterans, surviving unmarried spouses, National Guard members, reserve component members, and active duty military serving in New York

Limits the minimum borrower cash contribution requirement to no more than 1% of the property value for eligible veterans under the program

Prohibits rejection of veteran mortgage applications for cooperative housing based on unit count, occupancy rates, location, percentage of units sold, or limited equity cooperative status

Ensures participation in the Homes for Veterans program does not limit eligibility for other financing programs offered by the State of New York Mortgage Agency

Takes effect 30 days after becoming law, with immediate authorization for agencies to adopt necessary implementing regulations