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The New York Energy Research and Development Authority issued the following media advisory:
The State of New York Mortgage Agency (SONYMA) announced today that it will offer closing cost assistance and low cost mortgages to homebuyers who purchase new energy efficient homes under the New York ENERGY STAR Labeled Homes Program, which encourages the construction of energy efficient homes.
"Energy efficiency is a key component to building affordable housing because efficient homes are less costly to maintain," said Priscilla Almodovar, President and Chief Executive Officer of SONYMA. "With this new mortgage product, we encourage the construction of more energy efficient homes, while at the same time offering low cost financing to homeowners who buy an ENERGY STAR home. I'm glad that SONYMA was able to partner with NYSERDA, LIPA and the New York State Builders Association to make this program a reality."
Paul D. Tonko, President and CEO of New York State Energy Research and Development Authority (NYSERDA), said, "I applaud SONYMA's plan to offer help to New Yorkers who participate in the ENERGY STAR Labeled Homes Program. NYSERDA has actively worked to...