Homebuyer Dream Program®

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

Thank you for your interest in the 2020 Homebuyer Dream Program® (HDP) Round, which will begin accepting reservation requests on June 1, 2020. 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 $15,000. The FHLBNY will grant up to $14,500 towards down‑payment and closing cost assistance to eligible first-time homebuyers purchasing a home through one of our approved community‑based, member‑lenders. Additionally, the Homebuyer Dream Program® also 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 housing agency. The amount of the defrayment will be added to the grant.

If you are interested in learning more about the program, contact one of the approved member community lenders so they can assist you with your questions and determine eligibility.