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.



SEED Affordable Cooperative Apartments

Applications are now being accepted for 25 new cooperatives at 1900 Park Place & 416 Thomas S. Boyland Street, Brooklyn NY 11233.

SEED Cooperative Apartments

Brownsville, Brooklyn

Family Size: 1-6 people

This application must be returned by regular mail ONLY to the address below:

SEED Cooperative Apartments
Bowling Green Station
P.O. Box 5042
New York, N.Y. 10274

The completed application must be postmarked no later than August 28th, 2018.

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 per lottery for your household. Only the application should be submitted at this time.

For further inquiries please email seedinfo@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, or “sweat equity”
•  Government grants
•  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 here. 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 Habitat’s term for the volunteer labor that homeowners contribute to building their homes and the homes of their neighbors, as well as the time they spend in financial & homeowner education courses. Homebuyers are required to complete sweat equity as part of their qualification for our program. The sweat equity requirement consists of 200 credit hours, fulfilled through a combination of classroom and construction activities.

How are homebuyers selected?

Habitat homebuyers are selected through the New York City Housing Lottery. Homebuyers are also selected based on Habitat NYC program requirements.

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: $36,550– $58,450
2: $41,750 – $66,800
3: $46,950 – $75,150
4: $52,150 – $83,450
5: $56,350 – $90,150
6: $60,500– $96,850

*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