NYU Furman Center Feedback Sign Up Facebook Twitter LinkedIn
CoreData.nyc

Directory of NYC Housing Programs

HomeFirst Down Payment Assistance

The HomeFirst Down Payment Assistance Program promotes the acquisition of privately owned one- to four-family homes, cooperatives, and condominiums for owner-occupancy within the five boroughs of New York City by providing a forgivable loan of up to $40,000 for down payment or closing costs to qualified homebuyers earning up to 80 percent of Area Median Income (AMI). Upon successful completion of the homebuyer education classes, prospective first-time homebuyers will receive a HomeFirst Homebuyer Certificate issued by the City’s Department of Housing Preservation and Development (HPD) that verifies their eligibility for a HomeFirst forgivable loan of up to $40,000 toward down payment or closing costs on a new home.

Program Information Help Icon

  • Supply/Demand: Demand
  • Category: Land and Financing
  • Scale: Medium Scale (between 1,000 and 4,999 units)
  • Timeframe: 2004 - Present
  • Occupancy tenure: Homeownership
  • Building Type: One- to Four-family
  • Income Restrictions: Households must have an annual income of up to 80 percent of Area Median Income (AMI).
  • Special Populations: First-time Homebuyers

View all programs

Search

Filter By

Tags