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Get Matched Free →Troy Homebuyer Incentive Program (HIP)
Funding status: Active
How much assistance
$15,000 to $20,000
Subject to 10-year grant enforcement lien.
Eligibility
- Income limits: Annual household taxable income under 80% of HUD Area Median Income
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Geographic restrictions: Property must be located within the City of Troy. Must be 1 or 2 units and owner-occupied. Purchase price must not exceed 95% of the area median purchase price.
- Homebuyer education required: Yes
How to Apply for Troy Homebuyer Incentive Program (HIP)
Contact TRIP NeighborWorks HomeOwnership Center at 518-690-0020. Must show minimum $1,500 in savings at time of application. Must complete Pre-Purchase Program before applying. Property will be inspected for code compliance and lead-based paint hazard.