First-Time Home Buyer Program - Down Payment Assistance and Closing Costs Assistance

In order to assist in eliminating obstacles to home ownership, The Bronx NHS offers a variety of down payment and closing costs assistance loans/grants. Bronx NHS offers three type of Down payment and Closing Costs:

To apply, please follow the steps below:

Step 1: To get started, complete the intake/application form below, and attach all required documents and mail of bring to the office, leave application in the drop box, the completed and signed intake/application form to us.

Click here for fillable Intake/Application form

Mail completed intake and required documents to:

Bronx Neighborhood Housing Services CDC, Inc.
Att: Home-ownership Services
1451 East Gun Hill Road, 2nd Fl.
Bronx, NY 10469

Step 2: To prepare for your meeting with your counselor, please download and print the document checklist and be sure to bring all of the requested documents. Please provide us with copies of your original forms and keep the originals for your records.

Bronx NHS Home-ownership Grant Opportunity Program

Financial Assistance for Home-buyers in the Bronx. Eligible Home-buyers receive up to $40,000 Down Payment Assistance and/or Home Repairs Grant or $32,500* depending on your household income. *NYS Affordable Housing Corporation grants are not available at this time.

NYC Home-First Down Payment Assistance

Up to $40,000 toward down payment or closing costs

Many New Yorkers want to purchase a home but have difficulty saving enough money to make the down payment. HPD’s Home-First Down Payment Assistance Program provides qualified home-buyers with up to $25,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative in one of the five boroughs of New York City.

Program Eligibility

A prospective home-buyer must:

  • Be a first-time home-buyer
  • Attend a Bronx NHS home-buyer orientation
  • Complete a home-buyer education course taught by an HPD-approved counseling agency
  • Have their own savings to contribute to the down payment or closing costs
  • Meet program income eligibility requirements
  • Purchase a 1-4 family home, a condominium, or a cooperative for owner-occupancy in one of the five boroughs of New York City
  • Pass a Housing Quality Standards (HQS) inspection before purchase
  • Live in the home for at least 10 or 15 years depending on household income as determined by Area Median Income (AMI):
    • 10 years if the household income is up to 80% AMI

Source: U.S. Department of Housing and Urban Development

Family size and household income based on area median income (AMI) calculations established by the U.S. Department of Housing and Urban Development (HUD) for 2019. Income limits will be adjusted for family size.

Your Bronx NHS Counselor will determine the particular product for which you are eligible.

Please visit our website and register to participate in one of our monthly free home-buyer orientations and find out if you are eligible to receive up to $40,000 in down payment and closing costs assistance to buy your first home, including coops and condos.

Bronx NHS is committed to find the financial assistance that you need even if you do not qualify for the NYC HomeFirst program. Meet with your counselor to find other source of financial assistance.

Click here for fillable Intake/Application form