A Mortgage Credit Certificate (MCC) Program is an alternative
way for SONYMA to assist first-time homebuyers. Federal law
prohibits SONYMA from combining MCCs with its own mortgages.
However, MCCs can be used with other fixed-rate mortgages as ext. FHA loans.
If your daughter buys a home she would have to sell it and would
need to wait about 3 years to qualify again for a frist time homeowner loan.