Requirements for
Habitat Homebuyers

Be a first-time homebuyer as established by HUD (US Department of Housing and Urban Development)

Provide 1% cash down payment

Have sufficient credit history, with no accounts in collection, no charge-offs, no unsatisfied public records, and no bankruptcies within the last three years.

Fulfill the “sweat equity” component of the program (see below in the FAQ section)

Earn 50%-80% of area median income (AMI) as established by HUD

Establish a monthly savings account

Participate in financial/homeownership education

Show a stable employment history


In accordance with New York City mandates, Habitat NYC selects applicants for our Home Purchase Program through the New York City Housing Lottery.


Attend an information session (Optional)

Applications are selected randomly through a lottery. Depending on the volume of applications received, it may not be possible for all applications to be processed.


If your application is selected for further processing, additional information will be requested at that time.

Selected and approved applicants will complete a partnership agreement and begin earning their sweat equity hours.



Affordable Cooperatives coming soon at 839 Tilden Street

AG HABITAT TILDEN STREET LLC is pleased to announce that applications are now being accepted for 56 newly constructed cooperative apartments at 839 Tilden Street, Bronx NY, 10467.

Applications must be filled out and sent by regular mail ONLY to the address below:

P.O. Box 234003
Ansonia Station
New York NY 10023

The completed application must be postmarked no later than July 31st, 2019.
To ensure that it arrives successfully at the P.O. Box, do not use certified mail, return receipts, or any method requiring a signature confirmation.

SUBMIT ONLY ONE APPLICATION PER HOUSEHOLD.  You may be disqualified if more than one application is received from your household. Only the application should be submitted at this time.

Informational sessions will be held:

Wednesday June 19th, 6:00-7:00pm
Bronx Community Board 12, 4101 White Plains Road, Bronx NY 10466

Wednesday July 10th, 6:00-7:00pm
Bronx Christian Fellowship Church, 1015 East Gun Hill Road, Bronx NY 10469

Information Session attendance is not mandatory to qualify for a Cooperative.

For further information about the Habitat NYC First-Time Homebuyer Program and the qualifications for this particular cooperative, please click the Download Application button above and review the FAQs at the bottom of this page.

For additional inquiries please email sydneyhouseinfo@habitatnyc.org.


We provide our homebuyers with the tools they will need to become successful homeowners. Even once their home purchase is complete, Habitat NYC is there for our homeowners, helping them with legal issues, training co-op boards, creating support and assistance around foreclosure prevention and more.

But we don’t help just our homebuyers.

Prospective homebuyers have the chance to improve their financial standing by working with our financial literacy partners, eventually helping them to become homeowners.



What makes Habitat NYC homes affordable for low-income families?

•  Community, faith, and corporate sponsorships
•  Individual donations
•  Volunteer labor
•  Government grants
•  “Sweat equity” hours contributed by future homebuyers
•  An affordable mortgage product

How can I obtain a homeownership application?

We do not always have housing available. When housing becomes available, applications will be posted on the “Application” tab. You can also pick up an application from our office or call or email us to request one.

Are there income requirements?

Gross household income must be between 50-80% of the Area Median Income. Area Median Income guidelines are set by HUD and based on household size (the number of people you plan to have living with you). Guidelines are subject to change.

What will be my cost for housing?

The term of your SONYMA mortgage product will be 30 years, with a 2% fixed interest rate. Your total monthly mortgage payment, any initial maintenance costs, homeowners insurance and property taxes combined will not exceed 33% of your household’s gross monthly income.

What is “sweat equity”?

“Sweat equity” is integral to Habitat for Humanity’s mission to build decent affordable housing. Each homebuyer is required to complete 200 Sweat Equity Credit Hours (total per household, not per person) before they move into their Habitat home. The completion of Sweat Equity begins after selection into the Habitat Homebuyer program and consists of various educational courses and hands-on activities.

How are homebuyers selected?

In accordance with New York City Department of Housing Preservation and Development mandates, Habitat for Humanity New York City selects candidates to become homebuyers through the New York City Housing Lottery.

Does my credit have to be perfect?

No; however, applications do require a hard pull of your credit report. Credit history and monthly debt obligations of the applicant (not the whole household) will be reviewed. Further details about credit eligibility will be discussed at the appointment after lottery selection.

HUD-established Income Guidelines*

Household size – Total Gross Household Income Ranges
1: $37,350 – $59,750
2: $42,700 – $68,300
3: $48,050 – $76,850
4: $53,350 – $85,350
5: $57,650 – $92,200
6: $61,900– $99,050

*Income guidelines are set by Housing and Urban Development (HUD) and are subject to change.

Thinking about applying?

We hold information sessions at our lower Manhattan office.
Contact us to find a session and reserve your space.

111 John Street, 23rd Floor
New York, NY 10038