With some of the lowest vacancy rates in the nation, New York City's market for purchasing a home, co-op, or condo means that it can take persistence to find one within your budget. With this in mind, we have compiled a list of resources including down payment assistance, homeowner repair loans, foreclosure prevention, and mortgage servicing.
HPD works with real estate professionals and community sponsors to promote city-sponsored homeownership opportunities that are currently accepting applications. In order to participate in a lottery for ownership opportunities, you will have to contact the building managers, community sponsors and/or real estate professionals directly to fill out an application. There are no brokers' fees and no application fees.
Many of the homes advertised here are marketed to families whose annual gross income falls within certain boundaries. In addition to income guidelines, the marketing agent will consider the buyer's credit worthiness. In order to be eligible, you must occupy the home you purchase as your primary residence.
Current City-Sponsored Homeownership Opportunities
|Type of Housing||Location||Units Available||Program||Development Name||Details|
|Affordable Homes||East New York, Brooklyn||83||Gate Estates Large Scale Development Program||Nehemiah Spring Creek Phase 4A||View advertisement|