Nassau County HOME Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $50,000 (Forgivable Loan)
Zero-interest deferred loan forgiven after 15 years of owner-occupancy. Full repayment required if home is sold or no longer primary residence before 15 years.
Eligibility
- Income limits: Minimum household income of $30,000. Maximum income must not exceed HOME program limits for Nassau County (based on household size and HUD guidelines).
- First-time buyer required: Yes — Must not have owned a home during the 3-year period prior to purchase.
- Geographic restrictions: Must purchase an eligible single-family home in Nassau County.
- Homebuyer education required: Yes
How to Apply for Nassau County HOME Down Payment Assistance Program
Step 1: Contact the Long Island Housing Partnership (LIHP) at (631) 435-4710 to apply. Attend a required mortgage counseling session. Provide a minimum down payment of $5,000 from your own funds. Secure a mortgage through a recognized lending institution.
Notes
Administered by the Long Island Housing Partnership (LIHP) as agent for Nassau County. Funded with federal HOME Investment Partnerships Program funds. $500,000 allocated for the program.