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Homes and Community Renewal

SONYMA Neighborhood Revitalization Program

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The Homes for Veterans Program:

Interest Rate
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 Communities:

  • Buffalo -  The Buffalo Urban Renewal Agency
  • Bronx - The Bronx NHS
  • Kingston and Orange County: RUPCO, PathStone and Rural Development Advisory Council
  • Long Island: Long Island Housing Partnership and CDC Long Island
  • Middletown & Newburgh – Pathstone, RUPCO, Rural Development Advisory Corporation
  • Queens: Center for New York City Neighborhoods, NHS and Restored Homes HDFC
  • Rensselaer County - Troy Rehabilitation and Improvement Program
  • Richmond - NHS of Staten Island
  • Rochester: Greater Rochester Housing Partnership
  • Schenectady County - Better Neighborhoods, Inc.
  • Troy: Troy Rehabilitation and Improvement Program

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
  • 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.