Grants for First Time Homebuyers

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 and repair expenses.


• The program is open to qualified applicants purchasing properties within Westchester, Nassau and Suffolk counties.


• Applications are processed on a first come-first served basis, in the order they are received.


• Properties eligible for assistance through this program are single-family homes, townhouses, condominiums and co-ops.


• Participants are required to contribute at least 3% of the expected purchase price to the transaction. The contribution may come from checking, savings, investments, 401K, and/or gifts. Proof of all assets and documentation of the contribution is required at the time of application.

ALL APPLICANTS MUST ATTEND CHI’S FIRST TIME HOMEBUYER ORIENTATION BEFORE SUBMITTING AN APPLICATION.

 Pre-Registration
is Mandatory

 

www.chigrants.org/free-homebuyer-orientation

Click Here for the Renters into Owners grant guidelines.

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

Income Limits: Effective 7/1/2020      
COUNTYMAXIMUM GROSS HOUSEHOLD INCOME BASED ON FAMILY SIZE
HH Size123456
Westchester$78,938$90,227$101,517$112,717$121,766$130,816
Nassau & Suffolk      
$79,475$90,765$102,144$113,434$122,573$131,622

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 (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.