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NYC Department of Housing Preservation & Development

HomeFirst Down Payment Assistance Program

Many New Yorkers want to purchase a home but have difficulty saving enough money to make the down payment. The New York City Department of Housing Preservation and Development (HPD) established the HomeFirst Down Payment Assistance Program, which provides qualified homebuyers with up to $15,000 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.

To qualify for the loan, a prospective homebuyer must meet all of the following criteria:

  • Be a first-time homebuyer
  • Complete a homebuyer education course taught by an HPD-approved counseling agency 
  • Have his/her own savings to contribute to the down payment or closing costs
  • Meet program income eligibility requirements ($68,700 is the maximum household income for a family of four. Maximum annual income varies depending on family size). Click here for details about family composition and income limits 
  • Purchase a 1-4 family home, a condominium, or a cooperative for owner-occupancy in one of the five boroughs of New York City
  • The home purchased must pass Housing Quality Standards (HQS) inspection before Purchase
  • Live in the home purchased for at least 10 years

You may also wish to take HPD’s informative e-learning course, First-time Property Buyers, online at:  This course is a solid first step in understanding the home buying process; however, please note that it does not qualify as a required course under the Homefirst Down Payment Assistance program. 

To take the first step toward purchasing a home through the HomeFirst Down Payment Assistance Program, contact any one of the following HPD-approved counseling agencies:



NHS of the North Bronx
1451 East Gun Hill Road, 2nd Floor
Bronx, NY 10469
Tel: (718) 881-1180
Languages: English and Spanish

NHS of the South Bronx
Concourse Plaza
200 East 161st Street
Bronx, NY 10451
Tel: (718) 992-5979
Languages: English and Spanish


Cypress Hills Local Development Corporation
3214 Fulton Street
Brooklyn, NY 11208
Tel: (718) 647-8100
Languages: English and Spanish

MHANY Management
2-4 Nevins Street, 2nd Floor
Brooklyn, NY 11217
Tel: (718) 246-8080
Languages:  English and Spanish
NHS of Bedford Stuyvesant
1012 Gates Avenue
Brooklyn, NY 11221
Tel: (718) 919-2100
Languages: English and Spanish
NHS of East Flatbush
2806 Church Ave
Brooklyn, NY 11226
Tel: (718) 469-4679
Languages: English
Neighbors Helping Neighbors
621 DeGraw Street
Brooklyn, NY 11217
Tel: (718) 237-2017, ext. 151
Languages: English
Pratt Area Community Council
1224 Bedford Avenue
Brooklyn, NY 11216
Tel: (718) 783-3549 x10
Languages: English

Abyssinian Development Corporation
2283 Seventh Avenue
New York, NY  10030
Tel: (646) 442-6545
Languages: English and Spanish 

Asian Americans For Equality
111 Division Street
New York, NY 10002
Tel: (212) 964-2288
Languages: Mandarin, Cantonese, Korean

Harlem Congregations for
Community Improvement
2854 Frederick Douglass Blvd
New York, NY 10039
Tel: (212) 281-4887 x231
Languages: English and Spanish

Housing Partnership Development Corporation
450 Seventh Avenue,
Suite 2401
New York, NY 10123
Tel: (646) 217-3392
Language: English

Homeownership Center
307 West 36 Street
12th Floor
New York, NY, 10018
Tel: (718) 732-8100
Languages: English and Spanish

Operation HOPE
2511 Frederick Douglass Boulevard
New York, NY 10030
Tel: (917) 477-2800
Languages:  English and Spanish
Asian Americans For Equality
133-04 39th Avenue
Flushing, NY 11354
Tel: (718) 961-0888
Languages: Mandarin, Cantonese, Korean
Chhaya CDC
37-43 7th Street, 2nd Floor
Jackson Heights, NY 11372
Tel: (718) 478-3848 x 12
Languages:  Bangla/Bengali, English, Hindi, and Urdu
Margert Community Corp.
325 Beach 37th Street
Far Rockaway, NY 11691
Tel: (718) 471-3724
Languages: English and Spanish
NHS of Jamaica
89-70 162nd Street
Jamaica, NY 11432
Tel: (718) 291-7400 x13
Languages: English
NHS of Northern Queens
60-20 Woodside Avenue
2nd Floor
Woodside, NY 11377
Tel: (718) 457-1017
Languages: English and Spanish
Staten Island

NHS of Staten Island
West Brighton
770 Castleton Avenue
Staten Island, NY 10310
Tel: (718) 442-8080
Languages: English and Spanish

Northfield Community Local Development Corporation
160 Heberton Avenue
Staten Island, NY 10302
(718) 442-7351
Languages: English

Upon the successful completion of the homebuyer education class, each prospective homebuyer will receive a certificate that verifies his/her eligibility for the forgivable loan of up to $15,000 towards the  purchase of a home. The certificate is valid for six months, with a concurrent six-month renewal period. After receiving the certificate, prospective homebuyers begin the path to homeownership.

Step 1: Present the certificate of eligibility to a participating lender for pre-approval on a mortgage loan.

Step 2: After receiving pre-approval from a participating lender, consult a reputable real estate professional to identify an affordable home.

Step 3: Hire a real estate lawyer.

Step 4: Negotiate a contract of sales with the seller.

The homebuyer education counselors will be available to assist program participants throughout the homebuying process. Program participants are encouraged to take advantage of this resource.

HomeFirst Down Payment Assistance Program Family Composition & Income Limits

Program participants must meet the following household size and income requirements to qualify for the forgivable loan to use toward the down payment or closing costs on a home in one of the five boroughs of New York City:

Family Size

Maximum Household Income

1-person household


2-person household


3-person household


4-person household


5-person household


6-person household


7-person household


8-person household


Family size and household income based on area median income (AMI) calculations established by the U.S. Department of Housing and Urban Development (HUD) effective as of May 1, 2014. *Income limits will be adjusted for family size. 

Neighborhood Housing Services of New York City (NHS)

Neighborhood Housing Services of New York City (NHS) administers the program on HPD's behalf. As administrator, NHS works with the homebuyer and the representative from the counseling agency to:

1) Request from the homebuyer copies of:

  • Homebuyer education certificate
  • HomeFirst Certificate of Eligibility
  • Bank pre-approval
  • Sales contract

2) Receive the Homefirst application

  • Review signed contract
  • Verify eligibility of property based on location and type of property
  • Verify income of mortgage applicants
  • Verify eligibility of Homefirst applicants
  • Review pre-approval and verify lender is a participating lender

3) Reserve funds for closing

4) Receive copy of lender commitment letter

5) Receive confirmation of closing date

6) Release funds for closing


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