Fleetwood Synagogue Housing Incentive Program Description

Need more space? 

Want to live near the city, but in the ‘burbs? 

Need help to buy your dream house?

Fleetwood Synagogue is a small, friendly Modern Orthodox shul, 25 minutes by train to Grand Central.

Fleetwood Synagogue, located in southern Westchester County, is a wonderful and warm congregation: small and undiscovered.  When you are looking to relocate to a Modern Orthodox suburban setting, we want you to consider Fleetwood as one of your options, and an interest-free forgivable loan program is an added attraction for you. 

The Fleetwood Housing Incentive Program is intended to provide assistance to Modern Orthodox families who need assistance moving into our community.  It works very simply.  Upon acceptance into the program (described below), you will be given $30,000 that you can use as you see fit.  It can be used toward the purchase of your home, or its renovation, or tuition for your children’s education.  It’s yours.  In exchange for the money you agree to be full dues paying members of the synagogue and remain living in the community for ten years.  When that’s been completed, you’re done – no need to repay a penny.  If, for some reason you are unable to complete the ten years, you’ll need to repay the $30,000, but you will not pay any interest.  The loan will be secured, just as a mortgage is.

In order to qualify for the program, the family must be first accepted for membership in the synagogue.  The process for membership begins with a completed membership application mailed back to Rabbi Gedalyah Berger, Fleetwood Synagogue, 11 East Broad Street, Mount Vernon, NY 10552.  Rabbi Berger will then contact you to arrange for a meeting.  If you have any questions about the membership application, please contact Rabbi Berger at (914) 664-7643, or rabbi@fleetwoodsynagogue.org.

 

Upon successful completion of the membership application process, you will need to complete the loan application and return it, along with the additional materials to the Membership Committee, Fleetwood Synagogue, 11 East Broad Street, Mount Vernon, NY 10552.  If you have any questions about the Housing Incentive Program, contact Jonathan Meyer at jonathan.meyer@mssm.edu.  Your application and all related materials will be held in the strictest of confidentiality, and will be reviewed by a very small number of people.  Your privacy will be respected throughout the process.  The $30,000 will be paid upon the purchase of a home.  $15,000 is available upon the purchase of a coop or condo.  It is a new program, and the amount available will decline as the program progresses.  The first two families accepted into the program will receive $30,000.  As of August 30, 2009, one family has been accepted.  After the first two families have entered the program, the amount available will be $25,000.

You will be invited in to spend shabbat in the community and then you will meet with a subset of the Membership Committee to review your application and to answer any questions you have. 

When approved for the program, you’ll need to sign loan agreements and you’ll receive a check.  It’s as simple as that.

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