Partnering with public and private organizations, NHSNYC administers city-wide programs that assist our low- to moderate- income clients with their home buying and home repair needs.

HPD HomeFirst Downpayment and Closing Cost Assistance Program

Many New Yorkers want to purchase a home but have difficulty saving enough money to make the downpayment. NHSNYC administers the New York City Department of Housing Preservation & Development’s HomeFirst Downpayment Assistance Program which provides qualified homebuyers with up to $100,000 in downpayment and closing costs assistance.

About the program
  • Up to $100,000 in downpayment or closing costs assistance for qualified first-time homebuyers
  • Household income up to 80% Area Median Income
  • Must have at least 3% of personal funds towards downpayment
  • Eligible properties include 1-4 family homes, condominiums and cooperatives within the five boroughs
  • Subject to a 10-year owner-occupancy requirement

Note: Homebuyers must meet program income requirements and must complete a Homeownership Education Seminar as well as a One-on-One Counseling session with an homeownership counselor from a HPD-approved housing agency (such as NHSNYC) to be eligible.

HomeFix Rehab Program

  • HomeFix is currently on pause
  • Low- or no interest and potentially forgivable loans of up to $60,000 per home, with an additional $30,000 per additional rental unit
  • Financing for home repairs to eligible owners of one- to four-family homes in New York City
  • Anticipated maximum loan amount of $150,000 for a four-family home, with a maximum loan amount as follows: 1 unit: $60,000 / 2 units: $90,000 / 3 units: $120,000 / 4 units: $150,000

Funding provided by the NYC Department of Housing Preservation & Development. Homefix is currently on pause.