City of Buffalo Down Payment and Closing Cost Assistance

Administered by: City of Buffalo Urban Renewal Agency (BURA) · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $15,000 (Forgivable Loan)

No monthly payments required. Must be repaid if the property is sold within the five-year regulatory period.

Eligibility

  • Income limits: Low and moderate income; must fall at or below 80% of HUD median income guidelines based on family size
  • First-time buyer required: Yes — Must not have owned a property during the three-year period prior to purchase.
  • Geographic restrictions: Must purchase a single-family home within the legal limits of the City of Buffalo.
  • Homebuyer education required: Yes

How to Apply for City of Buffalo Down Payment and Closing Cost Assistance

Step 1: Contact the City of Buffalo Urban Renewal Agency at 716-851-2872. Complete a HUD-certified homebuyer education course through an approved provider such as Belmont Housing Resources for WNY or the Buffalo Urban League.

Visit program website

Notes

Funding provided through CDBG and NYS HCR Affordable Housing Corporation. Zero percent interest conditional grant.

Cities Where This Program Is Available