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.