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Homes and Community Renewal

SONYMA Neighborhood Revitalization Program

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The Homes for Veterans Program:

Interest Rate
3.875%
For complete program details, click here.


SONYMA is proud to introduce the Neighborhood Revitalization Program, a package of incentives to help owner-occupant home buyers purchase and renovate vacant homes.

Program Features Include:

  • Up to $20,000 Cash Assistance to Renovate a Home that You Purchase
  • The Ability to Finance Additional Improvements into Your Purchase Mortgage
  • Can be Combined with other Grants and Assistance Programs

Downloadable Program Features Fact Sheet

Eligible Properties

  • One-Four-Family Vacant Properties in Designated Areas
  • Seller Must be able to pass Clean Title to Purchaser
  • Purchase Price Limits Apply

Eligible Communities:

  • Capital Region: Troy Rehabilitation and Improvement Program
  • Finger Lakes: Greater Rochester Housing Partnership
  • Kingston and Middletown: RUPCO, PathStone and Rural Development Advisory Council
  • Long Island: Long Island Housing Partnership and CDC Long Island
  • New York City: Center for New York City Neighborhoods, NHS and Restored Homes HDFC

Click here for the contact information for the non-profit partners listed above.

Eligible Applicants:

  • Applicants Must Intend to Occupy the Property as their Primary Residence
  • Income Limits Apply (At or Below 125% Area Median Income with exceptions up to 150% on a case-by-case basis)
  • Good Credit, Stable Employment and Ability to Make Monthly Mortgage Payments
  • Must Purchase in an Eligible Community
  • Click here to view NRP Income Limits


For More Information, call us at:
(800) 382-HOME (4663)

SONYMA also offers other home ownership assistance programs.

View other SONYMA programs here.