New Down-Payment Assistance for First Time Homebuyers in New York


Photo Illustration: House Sold | Grok/Twitter

In 2025, buying a first home will be a little easier for some on the South Shore, and Suffolk County specifically. Governor Kathy Hochul awarded $51 million in grants throughout the state to support homeownership for more than 1,000 households.

The awards will help low—and moderate-income homeowners make their homes safe and accessible and provide down-payment assistance for first-time homebuyers.

Governor Kathy Hochul announced that 1,060 households statewide will benefit from $51 million in grants to support affordable homeownership. The awards will help low- and moderate-income families make repairs, accessibility modifications or safety upgrades to their homes, replace manufactured homes, and provide down payment assistance for first-time buyers.

“This investment will make the dream of homeownership attainable and manageable for more than 1,000 households, allowing families and individuals across New York to live safely and affordably in homes of their own,” Governor Hochul said. “My administration is committed to increasing affordability for families and putting every tool at our disposal to work to address our housing crisis.”

The total award for Long Island is $2.3 million and will assist 64 units of housing. The organizations that will receive the funds include:

Community Development Corporation of Long Island, Inc. - Accessibility Modifications - $300,000 

Community Development Corporation of Long Island, Inc. - Accessibility Modifications for Veterans - $300,000

Community Development Corporation of Long Island, Inc. - Accessibility Modifications for Medicaid Members - $300,000 

County of Suffolk - Tenant-Based Rental Assistance - $1,250,000

United Way of LI Accessibility - Modifications for Veterans - $150,000

The grants — administered by New York State Homes and Community Renewal’s Office of Community Renewal — were awarded to nonprofit organizations and localities to help preserve affordable housing, support veterans and older New Yorkers, increase access to homeownership, and strengthen local economies.

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Increasing access to housing and making homeownership an affordable reality is critical for all New Yorkers. The $51 million we announced today through a variety of programs will provide resources people need to make necessary home repairs and accessibility modifications, provide help with down payments, replace manufactured homes, and allow more than 1,000 households to live safely and securely in their communities.”

Organizations Included in this History


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