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Homes and Community Renewal

Home Buyers Home Owners Renters Income Limits Lenders Servicers Home Builders Real Estate Agents SONYMA Advisory Council Municipalities/Non-Profits AHC Grantees

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Home Owners

SONYMA, AHC and HFA offer several programs to help low- and moderate-income homeowners.

Are you facing foreclosure?

If you are behind on your mortgage payments and need assistance, click here for information and resources including a list of foreclosure counseling organizations that may be able to help you.


  • SONYMA's Conventional Plus Program is a new mortgage program that combines 30-year fixed rate mortgages with SONYMA down payment assistance for previous homeowners looking to purchase a new home or refinance their existing mortgage. The program may be used for the purchase of a primary home or for the refinance of an existing mortgage (on a primary home). The down payment assistance may also be used to pay closing costs (including an upfront single mortgage insurance premium, if necessary, and thus eliminating the monthly mortgage insurance premium payment). With these combined features including flexible underwriting guidelines, Conventional Plus offers a lower monthly payment than most mortgages. Click here to learn more.

  • If you are not a first-time homebuyer, you may qualify for a low interest rate home mortgage, with down payment assistance, from SONYMA if you purchase a home in a Target Area, which are neighborhoods designated by the Federal Government as economically distressed. Click here to learn more.

  • If you are a U.S. Military Veteran or active duty service member, you may be eligible for special favorable terms. In addition, eligible military veterans are exempt from the first-time homebuyer requirement. Click here to learn more about SONYMA's Homes for Veterans program.


AHC provides grants to organizations to help subsidize the cost of necessary repairs and renovations to homes owned by low- and moderate-income homeowners. Homeowners in need of repair or renovation must apply directly to AHC Grantee organizations to benefit from these subsidies. Please note that AHC does not provide grants directly to individuals.

  • To find an AHC Grantee in your area, please click here.

  • AHC income qualification is generally based upon a percentage of the HUD Low Income Limits. Please note that income qualification limits vary by project and may go up to 166% of the HUD Low Income Limits in the table attached here. To Find out eligibility for a specific development, please contact the AHC Grantee administering the subsidy.

  • If you already have received a grant from AHC and have questions about it, click here for information.


HFA's Manufactured Home Cooperative Fund Program helps New Yorkers who live in manufactured home parks, sometimes referred to as mobile home parks, to purchase the land under their homes and make improvements.

  • If you live in a manufactured home park on leased land and want to find out how you and your neighbors can take advantage of this program, click here.

Last updated: 04/30/14