First Time Homebuyer

Homebuyer Dream Program

The Homebuyer Dream Program helps reduce the cost to buy a home. First-time homebuyers may be eligible for grants up to $15,000.

Funds are limited (with no guarantee of approval). You may eligible for $14,500 towards the down payment and/or closing costs of a one to four-family home or condo and $500 towards non-profit homeownership counseling.

The 2020 funding periods will open at 8:30 a.m. E.T. on the following days:

  • Monday, August 3, 2020
  • Tuesday, September 1, 2020

You must meet the following requirements to apply for a Homebuyer Dream Program grant.

  • Homebuyer Status: First-time homebuyer or no ownership of a home for the past 3 years
  • Household Income: 80% or below area median income (AMI) in the county of house purchase
  • Homebuyer Contribution: $1,000 minimum toward house purchase
  • Employment: Full-time employee (32+ hours/week)
  • Class: Must attend homeownership counseling class (cost covered by grant)

Household Income Limits

Dutchess County

1-2 Person Household
$92,736
3+ Person Household
$108,192
Contact
NeighborWorks HomeOwnership
291 Mill Street • Poughkeepsie, NY 12601
www.hudsonriverhousing.org
(845) 454-9288

Orange County

1-2 Person Household
$92,736
3+ Person Household
$108,192
Contact(s)
Orange County RDAC
3 North Street • Walden, NY 12586
www.ocrdac.org
(845) 713-4568
PathStone
PO Box 1086 • Newburgh, NY 12551
www.pathstone.org
(845) 569-0770

Ulster County

1 & 2 Person Household
$66,640
3+ Person Household
$76,636
Contact
Rural Ulster Preservation Co. (RUPCO)
NeighborWorks HomeOwnership Center
289 Fair Street • Kingston, NY 12401
www.rupco.org
(845) 331-2140

For Information on other counties
Call Ulster Savings Bank at (866) 440-0391 Ext. 3253

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