NYC HomeFirst Down Payment Assistance

Overview

Up to $100K forgivable DPA for NYC first-time buyers — one of the largest city programs in the US.

Detailed requirements

First-time buyer. Income ≤80% AMI. Must invest at least $5K of own funds. 10-year forgiveness period. Property must be 1-4 family, condo, or co-op in NYC.

Eligibility at a glance

First-time buyer required

Yes

Max income (% AMI)

80%

Owner-occupied required

Yes

Homebuyer education required

Yes

Note: Must purchase 1-4 family home, condo, or co-op in NYC.