HomeFirst Down Payment Assistance 

Up to $40,000 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 $40,000 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 their own savings to contribute to the down payment or closing costs
  • Meet program income eligibility requirements
  • 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 
  • Have a household income up to 80% AMI

Family Size

80 % AMI

1 $58,450
2 $66,800
3 $75,150
4 $83,450
5 $90,150
6 $96,850
7 $103,500
8 $110,200

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

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 June 1, 2018. Income limits will be adjusted for family size.


Community-based counseling agencies certified by HUD  and approved by HPD to participate in the HomeFirst program will promote the program through newsletters, flyers, and seminars; distribute program guidelines; and enroll consumers in Homebuyer Education classes. The counseling agencies will also certify income eligibility for the Down Payment Assistance Program, counsel consumers about program requirements, certify completion of Homebuyer Education classes, and refer consumers to participating lenders for pre-approval. 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

NHSNYC-South Bronx
2475 Westchester Avenue
Bronx  NY 10461
Phone: # 718-502-3300
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

IMPACCT Brooklyn
1000 Dean Street, Ste 420
Brooklyn, NY 11238
Tel: (718) 522-2613 ext. 315
Languages: English

Bridge Street Development Corporation
460 Nostrand Avenue
Brooklyn, New York, 11216
Tel: (718) 399-0146
Languages: English

Brooklyn Neighborhood Services
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

GROW Brooklyn
1474 Myrtle Avenue
Brooklyn, NY 11237
(718) 418-8232 x2060
Languages: English and Spanish



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

Harlem Congregations for Community Improvement
256 West 153rd Street
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
2 Allen Street, 7th Fl.
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

Asian Americans For Equality
35-34 Union Street
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 77th 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, prospective homebuyesr will receive a certificate that verifies their eligibility for the forgivable loan of up to $40,000 towards the downpayment or closing costs on a new home. The certificate is valid for six months, with a subsequent 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 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

Note: On March 13th 2017, the Expanded HomeFirst Down Payment Assistance Program was launched with a limited injection of private financing to provide down payment assistance loans to eligible households with an income of above 80% and up to 120% Area Median Income (AMI). 

Due to the overwhelming demand for down payment assistance within this income band and the robust pipeline of applicants received since March, the Program’s loan fund has been fully committed to applicants who have an existing HomeFirst loan approval from NHS NYC. Therefore, effective as of November 22, 2017, NHS NYC will not accept any applications submitted for approval under the expanded HomeFirst program since the funding has been exhausted.