Summit FCU Joins Smart Commute MortgageProgram

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ROCHESTER, N.Y. - (06/23/05) -- The Summit FCU said it has joinedwith Niagara Frontier Transportation Authority to form their ownsmart commute initiative that will aid people who buy homes nearpublic transportation. The program, called the Buffalo NiagaraSmart Commute Initiative, will allow the credit union to add aportion of transportation savings to the income of qualified homebuyers within a half mile of the NFTA's Metro rail system or a busstop. Officials said the monthly savings could be worth $200 forone-wage earner households and $250 for two wage-earner families.Added incentives include a 3% down payment on the purchase of ahome and a six-month free passes for bus and rail use.

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