The Homebuyer Dream Program
The Homebuyer Dream Program is a federally regulated set-aside program available through Member financial institutions of the Federal Home Loan Bank of New York. The Homebuyer Dream Program provides funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the Area Median Income. The maximum grant that a household may receive is up to $14,500, as determined by the Member. Additionally, the Homebuyer Dream Program also offers up to $500 towards the defrayment of homeownership counseling costs. The amount of the defrayment will be added to the grant resulting in the potential maximum assistance of $15,000. For more information on participating financial institutions, please contact Better Neighborhoods Inc. by using the link below.