HomeFirst Down Payment Assistance Program

Up to $15,000 toward down payment or closing costs

Many New Yorkers want to purchase a home but have difficulty saving enough money to make the down payment. HPD’s HomeFirst Down Payment Assistance Program 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.

Program Eligibility

A prospective homebuyer must:

  • 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 (see chart below)
  • Purchase a 1-4 family home, a condominium, or a cooperative for owner-occupancy in one of the five boroughs of New York City
  • Pass a Housing Quality Standards (HQS) inspection before purchase
  • Live in the home for at least 10 years

Family SizeMaximum Household Income
1 $50,750
2 $58,000
3 $65,250
4 $72,500
5 $78,300
6 $84,100
7 $89,900
8 $95,700

Source: U.S. Department of Housing and Urban Development


Step 1: Contact any one of the following HPD-approved counseling agencies. In addition, you may also choose to take the First-time Property Buyers online course that can help you understanding the home buying process. Please note, however, the online course does not satisfy the counseling requirement.

The Bronx NHS CDC, Inc.
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

MHANY Management
One Metro Tech Center North, 11th Fl.
Brooklyn, NY 11201
Tel: (718) 246-8080
Languages: English and Spanish

NHS of Brooklyn CDC, Inc.
2806 Church Ave
Brooklyn, NY 11226
Tel: (718) 469-4679
Languages: English

Pratt Area Community Council
1224 Bedford Avenue
Brooklyn, NY 11216
Tel: (718) 783-3549 x10
Languages: English

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

NHS of Bedford Stuyvesant
1012 Gates Avenue
Brooklyn, NY 11221
Tel: (718) 919-2100
Languages: English and Spanish

Neighbors Helping Neighbors
621 DeGraw Street
Brooklyn, NY 11217
Tel: (718) 237-2017, ext. 151
Languages: English

Abyssinian Development Corporation
Abyssinian Towers
HELP Homeownership Program
50 West 131st Street, Lower Level
New York, NY  10037

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

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

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

Housing Partnership Development Corporation
242 West 36th Street,  3rd Fl.
New York, NY 10018
Tel: (646) 217-3392
Language: English

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

Margert Community Corp.
325 Beach 37th Street
Far Rockaway, NY 11691
Tel: (718) 471-3724
Languages: English and Spanish

NHS of Queens CDC, Inc.
60-20 Woodside Avenue 2nd Floor
Woodside, NY 11377
Tel: (718) 457-1017
Languages: English and Spanish
Chhaya CDC
37-43 7th Street, 2nd Floor
Jackson Heights, NY 11372
Tel: (718) 478-3848 x12
Languages: Bangla/Bengali, English, Hindi, and Urdu

NHS of Jamaica
89-70 162nd Street
Jamaica, NY 11432
Tel: (718) 291-7400 x13
Languages: English
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.

Step 2: Present the certificate of eligibility to a participating lender for pre-approval on a mortgage loan.

Step 3: After receiving pre-approval, consult a reputable real estate professional to identify an affordable home.

Step 4: Hire a real estate lawyer.

Step 5: Negotiate a contract of sale with the seller.

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

Program Administration

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:
  • Request from the homebuyer copies of:
    • Homebuyer education certificate
    • HomeFirst Certificate of Eligibility
    • Bank pre-approval
    • Sales contract
  • 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
  • Reserve funds for closing
  • Receive copy of lender commitment letter
  • Receive confirmation of closing date
  • Release funds for closing