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Homebuyer Dream Program®

Homebuyer Dream Program® (HDP®)
Information for First-Time Homebuyers

The 2023 Homebuyer Dream Program® Round is now open.

If you are interested in participating, please contact one of the approved member community lenders listed under ‘HDP Participating Members’.

The HDP offers grants up to $10,000 to eligible first-time homebuyers purchasing a home through one of our approved community-based, member lenders. The FHLBNY will grant up to $9,500 towards down payment and closing cost assistance to eligible first-time homebuyers. Additionally, the HDP offers up to $500 towards the defrayment of homeownership counseling costs which will be provided for the use of the household via the member to the non-profit counseling agency. The amount of the defrayment will be added to the grant.