Home Ownership Opportunities & Support Resources

Home First Forgivable Loan

As part of former Mayor Bloomberg’s “New Housing Marketplace Plan,” the New York City Department of Housing Preservation and Development created the Home First Down Payment Assistance program. The 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.

Restored Homes

Restored Homes Housing Development Fund Corporation is a non-profit organization that partners with the New York City Department of Housing Preservation and Development and two leading national non-profits – Local Initiatives Support Corporation and Enterprise Community Partners – to help revitalize New York City neighborhoods affected by the mortgage foreclosure crisis. Restored Homes purchases vacant 1-4 family homes in targeted neighborhoods, addresses their rehabilitation needs and re-sells them to low- and moderate-income families.

First Home Club

The First Home Club (FHC) provides down payment and closing cost assistance to elgible first-time homebuyers by granting $4 in matching funds for each $1 saved in a dedicated account (up to $7,500 in matching funds) to homebuyers who finance their purchase through community lenders approved by FHC.

The Long Island Housing Partnership

The Long Island Housing Partnership is a not-for-profit housing developer that offers a range service to working families looking for affordable housing on Long Island.

Government Resources Links

U.S Department of Housing and Urban Development
Department of Housing Preservation and Development