FAQs

What is mortgage subordination?: Mortgage subordination is when a current mortgage holder agrees to allow a new mortgage (i.e. remortgage) to be placed against the property ahead of the current holders position. This shuffling of mortgages and positioning is done all at the same time. The mortgage position is determined by the date (oldest mortgage has 1st position) unless a subordination agreement is filed.

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Housing Programs

1. Does the City have funding for home repairs and/or emergency renovations?: No funding is available through the City at this time.

2. Is there a waiting list for City funding?: No, the City no longer maintains a waiting list.

Yes:

North Country Housing Council/St. Lawrence County Housing Council
19 Main Street, Canton
315.386.8576

St. Lawrence Community Development Program (CDP)
1 Commerce Lane, Canton
315.386.1102

Find Affordable Housing, Find Affordable Housing

4. Is there anything to assist with first-time homebuyers?: This program is not available directly through the City. However, the State of New York Mortgage Agency (SONYMA) offers five mortgage programs to assist first-time homebuyers with the purchase of a home in New York State. Call SONYMA Information Hub: 1-800-382-HOME (4663) OR go online by clicking the link. SONYMA First Time Homebuyers

5. What is the Amnesty Program?: Amnesty is the City’s policy, effective January 25, 2010, to forgive mortgage loans made with New York State Office of Community Renewal and the United States Department of Housing and Urban Development, Community Development Block Grant (CDBG) funds for home purchases for low to moderate income households. The amnesty policy enables the City to release its lien on any owner-occupied property where the note is older than 5 years. On notes that are less than 5 years in maturity, the City will suspend payment requirements and reduce the amount of debt owed by 20% per year until year 5, when the note will be forgiven.

6. How do I know if I am eligible for amnesty?: Owners who have an owner-occupied, residential property with a City held lien against it where the note/lien is older than 5 years or, owners who have an owner-occupied, residential property with a City held lien against it where the note/lien is less than 5 years old, but matures at a date that extends beyond a 5 year period are eligible. Owners of non-residential or non-owner-occupied property are not eligible. More information is available by clicking the link.
Mortgage Amnesty Program

7. Is there a fee to apply for amnesty?: Yes, there is a $150 non-refundable fee.

8. What is mortgage subordination?: Mortgage subordination is when a current mortgage holder agrees to allow a new mortgage (i.e. remortgage) to be placed against the property ahead of the current holders position. This shuffling of mortgages and positioning is done all at the same time. The mortgage position is determined by the date (oldest mortgage has 1st position) unless a subordination agreement is filed.

9. How do I apply for mortgage subordination?: To apply for subordination there is a $100 per lien non-refundable fee. Subordination applications are available online or in the City Planning Office. You can read the City's guidelines for subordination by clicking the link. Subordination Guidelines and Application

Home Energy Assistance Program HEAP – fuel and weatherization assistance - (315) 379-2303

New York State Energy Research and Development Authority, NYSERDA - energy assistance related resources - 1.866.NYSERDA