Habitat-NYC homes are available to first-time homebuyers who meet all income and credit guidelines. We strongly urge all potential homebuyers to attend a regularly scheduled information session.
Priority is given to families living in substandard or overcrowded housing, or paying more than 50% of their household income on rent.
Families must meet our income guidelines, which are subject to change without notice.*
Applicants must have a FICO Score of 620 or higher. There must be no accounts in collection, charge-offs or unsatisfied public records, and no bankruptcies within the last three years. Upon qualification, applicants must have $2,500 for a good-faith deposit and a willingness to establish a savings account with Habitat–NYC to cover closing costs.
Homebuyers will work alongside Habitat-NYC staff and volunteers to develop their homes. Habitat-NYC requires 200 hours of “sweat equity” from household members over age 16, up to a maximum of 400 hours per household.
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* Income range for homebuyers is based on 2013 HUD Income Guidelines.