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NEW HOME BUYER PROGRAM WILL RECEIVE $600,000

The award of $600,000 for Niagara Falls Neighborhood Housing Services Inc.'s 1990-91 First Time Home Buyer Program will be announced by Eileen Winterboll, executive director of the state Affordable Housing Corp., and Mayor Michael C. O'Laughlin at 11:30 a.m. Friday at 22nd Street Village, 22nd Street and Cleveland Avenue.

Also at that time, Neighborhood Housing will announce the criteria for acceptance in the program. Thirty families are to be accepted in the program for 1990-91.

Neighborhood Housing has received $200,000 from the state for each of the last two years, in 1988-89 for a home rehabilitation program and in 1989-90 for the construction of nine new homes at 22nd Street Village, according to Fred Caso, president of the housing services board.

For 1990-91, the agency has combined both programs and been awarded a significantly higher grant from the state Affordable Housing Corp.

Under the new program, Neighborhood Housing will be acquiring, rehabilitating and selling older homes as well as building about 10 new single-family homes.

The new homes will be built in the war-homes area of 23rd to 25th streets and Orleans Avenue.

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