Homebuyers Assistance Program
UNPA has designed the Homebuyers Assistance Program as an incentive to attract buyers to the University Neighborhood and to financially assist families or individuals who are interested in buying a home in the UNPA Target Area.
Applications will be accepted after October 1st
The program has been in place since 1991. In those years, UNPA has provided assistance to more than 500 homebuyers with grants and loans totaling more than $1.2 million. In 2013, the focus of the grants changed to home improvement funding in place of closing cost assistance.
UNPA is committed to home ownership and ensuring our funds are targeting to increase the number of owner occupied houses while continuing to support and foster home ownership.
An “approved applicant” is one who buys property within the UNPA Target Area and plans to own and occupy it, and one who is eligible for a legitimate mortgage. There are no income restrictions. Funds can be used for both interior and exterior improvements and can be use to pay for materials, supplies and contractor costs. The purchase of major appliances is also an approved expense. UNPA recommends buying the most energy efficient appliances available as additional funding may be available from NYSERDA.
You may request a grant in the amount of $2,500-$5,000 and awards are based upon available funds. Just think of this assistance as a “gift from Mom and Dad” toward the improvement of a one-, two- or three-family house to remain or become an owner-occupied home within the UNPA Target Area.