HOME Program

The New York State HOME Program is administered by the New York State Housing Trust Fund Corporation (HTFC). The program uses federal HOME Investment Partnership Program funds to expand the supply of decent, safe, and affordable housing within the State.

The HOME Program funds a variety of activities through partnerships with counties, towns, cities, villages, private developers, and community-based non-profit housing organizations. The program provides funds to acquire, rehabilitate, or construct housing, or to provide assistance to low-income home-buyers and renters. Funds must be distributed in accordance with needs and priorities identified in the State's Consolidated Plan.

Income Eligibility

HOME Program funds may only be used to assist households with incomes at or below 80 percent of area median income. Rental projects must primarily serve households with incomes at or below 60 percent of area median income.

Funding Limitations

HOME Program funds may be used to pay for acquisition, rehabilitation, construction, and certain related soft costs. Funds may also be used for relocation costs, tenant-based rental assistance, down payment and closing costs, and some administrative and planning costs, subject to limitations set forth in the federal regulations. Funds may only be used for residential housing. There are restrictions on the use of HOME funds for properties assisted by certain other federal programs.

Margert's First HOME Program funds are used to provide a first time homebuyer purchase assistance subsidy, in the form of a deferred payment (forgivable) loan.  You must live in your new home for a minimum of 10 years to avoid HOME program recapture provisions.

While program guidelines are thoroughly reviewed within our HOME education and counseling program, we welcome prospective applicants to review the NYS DHCR Local Program Administrators (LPA) HOME Program Monitoring Guide for more complete information.

The MCC 2007 First HOME program is designed as homeownership purchase assistance without rehabilitation.  Eligible activities include down payment and closing costs assistance.

Eligible HOME recipients must be residents of New York State able to provide proof of residency.

To qualify for our HOME program, you must complete a homebuyer education course taught by Margert Community Corporation.

HOME awards may not exceed $ 30,000.

Our 2007 HOME program has set aside two units for veteran first time homebuyers, two units for elderly first time homebuyers, and two units for first time homebuyers with physical disabilities.

Apply for Margert's First HOME program.

View, download or print Margert's First HOME Program Brochure.

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