Grants for First Time Homebuyers

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Community Housing Innovations, Inc., through the New York State Affordable Housing Corporation, is offering First-Time Homebuyers assistance to cover down payment and/or closing costs plus rehabilitation expenses.

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CHI’s Renters into Owners program provides qualified homebuyers with grants of $35,000-$40,000 for the purchase of a one-family home, a condominium or a cooperative for owner-occupancy in Westchester or on Long Island.

To qualify, applicants need to:

Nassau/Suffolk: Income Limits

Family Size 112% of HUD Low Income Limit
1 Person $79,475
2 Person $90,765
3 Person $102,144
4 Person $113,434
5 Person $122,573
6 Person $131,622

Westchester: Income Limits

Family Size 112% of HUD Low Income Limit
1 Person $78,938
2 Person $90,227
3 Person $101,517
4 Person $112,717
5 Person $121,766
6 Person $130,816
Additional requirements include:

For our next free Grant Orientation, click here: www.communityhousing.org/homeownership/free-homebuyer-orientation

The Grant Application Process is closed for 2021. It will reopen on January 3rd, 2022.

Please mail or deliver the completed application with the required documents to:

Homeownership Department

Community Housing Innovation, Inc.

75 S Broadway, Suite 340

White Plains, NY 10601

(914) 683-1010 Ext 1287 (for both Long Island and Westchester grants)

CHI requires all grant applicants to attend a free Homebuyer Orientation and homebuyer counseling is available as part of the application review process. CHI will also provide referrals to participating lenders to all applicants to assist in securing a mortgage. CHI requires that all grant recipients invest a minimum of 3% of their own funds in the transaction; check the grant guidelines flyer for more program rules and requirements.