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Homes and Community Renewal

SONYMA Neighborhood Revitalization Program


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The Homes for Veterans Program:

Interest Rate
4.375%
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 Do Not Apply

Eligible Counties:

  • Albany
  • Bronx
  • Broome
  • Dutchess
  • Erie
  • Kings
  • Monroe
  • Nassau
  • New York
  • Onondaga  
  • Orange
  • Queens
  • Rensselaer
  • Richmond  
  • Schenectady
  • Suffolk
  • Ulster

Click here for the contact information of our non-profit partners within each county.

Eligible Applicants:

  • Applicants Must Intend to Occupy the Property as their Primary Residence
  • Good Credit, Stable Employment and Ability to Make Monthly Mortgage Payments
  • Must Purchase in an Eligible Community
  • Click here to view NRP Income Limits

SONYMA also offers other home ownership assistance programs.

View other SONYMA programs here.