Westchester/Hudson Valley - Grants First Time Homebuyers
Income Requirement
ELIGIBILITY REQUIREMENTS & RESTRICTIONS
You must meet the following income requirements, with household income not exceeding the following guidelines for each county listed below:
Westchester - 2007 Medium Income - $93,400
|
1
PERSON
|
2
PERSON
|
3
PERSON
|
4
PERSON
|
5
PERSON
|
6
PERSON
|
7
PERSON
|
8
PERSON
|
|
$56,900
|
$65,030
|
$73,150
|
$81,300
|
$87,800
|
$94,300
|
$100,800
|
$107,300
|
Putnam - 2007 Medium Income - $54,400
|
1
PERSON
|
2
PERSON
|
3
PERSON
|
4
PERSON
|
5
PERSON
|
6
PERSON
|
7
PERSON
|
8
PERSON
|
|
$43,000
|
$49,150
|
$55,300
|
$61,450
|
$66,350
|
$71,300
|
$76,200
|
$81,100
|
Orange - 2007 Medium Income - $68,150
|
1
PERSON
|
2
PERSON
|
3
PERSON
|
4
PERSON
|
5
PERSON
|
6
PERSON
|
7
PERSON
|
8
PERSON
|
|
$43,050
|
$49,200
|
$55,350
|
$61,500
|
$66,400
|
$71,350
|
$76,250
|
$81,200
|
Dutchess - 2007 Medium Income - $73,400
|
1
PERSON
|
2
PERSON
|
3
PERSON
|
4
PERSON
|
5
PERSON
|
6
PERSON
|
7
PERSON
|
8
PERSON
|
|
$43,050
|
$49,200
|
$55,350
|
$61,500
|
$66,400
|
$71,350
|
$76,250
|
$81,200
|
Ulster - 2007 Medium Income - $59,950
|
1
PERSON
|
2
PERSON
|
3
PERSON
|
4
PERSON
|
5
PERSON
|
6
PERSON
|
7
PERSON
|
8
PERSON
|
|
$37,350
|
$42,700
|
$48,000
|
$53,350
|
$57,600
|
$61,900
|
$66,150
|
$70,400
|
- All families must occupy the home as a principal residence for fifteen years.
- Section 8 applicants must hold a Section 8 Home Ownership Voucher issued by their local Housing Authority.
- Section 8 Rental Assistance Vouchers are not eligible for this program.
- All families must submit proof of income and assets with recent pay stubs, last two years of tax returns and other documentation.
- You will be required to attend a FREE homebuyer seminar and homebuyer counseling
- Your application will be processed on a first-come, first-served basis. If you meet eligibility requirements, we will assist you in qualifying for a mortgage with participating lenders.
TO APPLY FOR HOME OWNERSHIP ASSISTANCE
 Please visit the FREQUENTLY ASKED QUESTIONS ABOUT BUYING A NEW HOME for a list of procedures and to download a free application for home buying assistance
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