First Time Home Buyer Assistance
This looks like a great program .The AFI program is a new initiative at DHCR starting in January, 2009. It is a statewide home ownership down-payment matched-savings program for income-eligible individuals and families who are first-time home buyers. The match rate is 1 to 4, with a grant value up to $7,500.00. The individuals and families have between 12-24 months to complete their matched-savings goal, and the consumers MUST attend home buyer education classes and be mortgage-ready upon completion of their savings plan.
The AFI program was originally designed for DHCR Section 8 voucher holders who wish to pursue home ownership, but AFI is now expanding to include non-Section 8 clients around the state. The AFI training video for Section 8 Managers and Participants is available now and a similar training video designed for non-Section 8 participants will be available soon. Thank you for your interest in AFI. More information at http://nysdhcr.gov/Programs/AssetsForIndependence/