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SEE IF YOU QUALIFY FOR NYC’S HOME FIRST DOWN PAYMENT ASSITANCE PROGRAM

SEE IF YOU QUALIFY FOR NYC’S HOME FIRST DOWN PAYMENT ASSITANCE PROGRAM

NyclogoMany New Yorkers want to buy a home but don’t have enough money saved for their down payment and closing costs. Mayor Michael R. Bloomberg’s Administration created a program to help prospective homebuyers.

First-time homebuyers can get the greater of 6% of a home’s purchase price or $10,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative through the New York City Department of Housing Preservation and Development’s (HPD) HomeFirst Down Payment Assistance program. Homebuyers must meet income requirements and take a homebuyer education course approved by HPD. Also, the home must be in one of HPD’s Homeownership Zones in the Bronx, Brooklyn, Manhattan, Queens, or Staten Island.

To learn more about the HomeFirst Down Payment Assistance Program, visit the HPD website at
http://nyc.gov/html/hpd/html/for-homebuyers/homefirst-downpayment.html

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