NYC Wants To Give First-Time Homebuyers $100,000 Toward Their New Place

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NYC living comes at a price — the median cost of a home reached $745,000 in late spring of this year — but initiatives like the HomeFirst Down Payment Assistance Program are worth bookmarking.

Similar to affordable housing lotteries , this city-run program intends to make setting up shop more accessible. Through this program, first-time homebuyers who qualify could receive up to $100,000 toward the down payment or closing costs on a 1-4 family home, a condo, or a co-op throughout the five boroughs.

Hey, every lil’ bit counts! (It’s expensive to put down roots here.)

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