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  • PROGRAM OVERVIEW

    If you are a first-time home buyer seeking to purchase a home within the City of New Rochelle, you may be eligible for the City’s new First-Time Home Buyer’s Down Payment Assistance Program. The program will provide eligible and approved applicants up to 19% of the purchase price of a single-family home depending on the qualification of the homebuyer and is towards the down payment on a new home. The program is funded through a combination of local and federal dollars through the United States Department of Housing and Urban Development’s HOME program and the City’s Affordable Housing Fund.

    AM I ELIGIBLE?

    Check here to see if you are eligible for the Down Payment Assistance Program

    - Be a New Rochelle Resident
    - Be a First-Time Homebuyer (or have not owned
    a home during the 3-year period immediately prior)
    - Contribute, from own funds, at least 1% of the
    purchase price towards the down payment.
    - Have a documented minimum annual household
    income of at least $40,000
    - Have sufficient financial resources and credit to
    qualify for a mortgage.
    - Have a pre-approval for a Mortgage Loan

    See all other additional requirements in the Eligibility Criteria and Fact Sheet documents below.

    ELIGIBILITY CRITERIA
    FACT SHEET

    APPLICATION

    Apply to the 2022 First-Time Home Buyer Down Payment Assistance Program.

    Instructions:
    1. Download the Application below and fill out
    2. Collect all documents required to support the application
    3. Mail or drop the application together with documents at:
    City of New Rochelle
    Department of Development
    City Hall, 515 North Avenue, 1st Floor
    New Rochelle NY 10801

    APPLY NOW

    FORUMS

     

    Real Estate Industry Professionals
    Date: April 26th, 2022
    Time: 3:00 – 5:00 PM
    Place: New Rochelle City Hall – City Council Chambers
    Address: 515 North Ave, New Rochelle, NY 10801

    Real Estate Industry Professionals Forum Power Point Presentation

     

     

    General Public
    Date: May 11th, 2022
    Time: 6:00 – 8:00 PM
    Place: New Rochelle Public Library – Ossie Davis Theater
    Address: 1 Library Plaza, New Rochelle, NY 10801

     

     

     

     

     

    Questions?

    Please submit your questions about the program and application process via the following form:

    New Rochelle

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