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NHSNYC Homebuyer Forgivable Loan Program

Administered by:
Neighborhood Housing Services of New York City (NHSNYC)
 · Nonprofit · Forgivable Loan
Funding status: Active

How much assistance

$12,500 to $40,000
Forgivable over the compliance period with continued owner-occupancy.

Eligibility

  • Income limits: Household income at or below 120% of Area Median Income (AMI).
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase in one of the five boroughs of New York City.
  • Homebuyer education required: Yes

How to Apply for NHSNYC Homebuyer Forgivable Loan Program

Attend an NHSNYC homebuyer orientation seminar. Complete a one-on-one counseling session. Enroll in the 8-hour homebuyer education course. Apply through NHSNYC for the forgivable loan.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (1 city across 1 state)

New York (1 city)