ELIGIBLE up to $40,000 DOWN PAYMENT ASSISTANCE

Agency: NYC Department of Housing Preservation and Development (NYC HPD)
Status: Currently Available

The HomeFirst Down Payment Assistance Program provides qualified homebuyers with up to $40,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative in one of the five boroughs of New York City.)

Program Eligibility Currently Available
Be a first-time homebuyer
Complete a homebuyer education course taught by an HPD-approved counseling agency
Have their own savings to contribute to the down payment or closing costs
Meet program income eligibility requirements
Purchase a 1-4 family home, a condominium, or a cooperative for owner-occupancy in one of the five boroughs of New York City
Pass a Housing Quality Standards (HQS) inspection before purchase
Live in the home for at least 10 years
Have a household income up to 80% AMI