Yale Homebuyer Program

What is Yale Homebuyer Program?

Yale Homebuyer Program is a grant for homebuyers in New Haven, Connecticut, administered by Yale University Human Resources / Office of New Haven Affairs.

• An employer-assisted benefit paying eligible Yale faculty/staff $30,000 over 10 years toward a 1-3 family home or condo on designated New Haven streets, with an extra $5,000 for the Dixwell/Winfield area. Payments cease if the employee stops owning/occupying the home or leaves Yale. Over $35M committed to 1,300+ employees through Fall 2022.
• Up to $35,000 toward home purchase.
• No income or first-time-buyer requirement.
• Buy in designated New Haven neighborhoods.
• Free homebuyer seminars.
• Funding comes from Yale University (employer-funded; private).

How much assistance does it provide?

Yale Homebuyer Program offers between $30,000 and $35,000 in assistance.

• Award tiers: $30,000 over 10 years ($7,500 first payment then nine $2,500 payments); optional $5,000 Dixwell/Winfield incentive.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Yale University Human Resources / Office of New Haven Affairs determines any individual award.

Do you have to pay it back?

Yale Homebuyer Program is structured as a grant, so it is not repaid.

• Repayment is triggered by Not a loan; annual payments cease if participant stops owning/occupying the home or ends Yale employment. Must own and occupy 2+ years from closing.
• The assistance is recorded in None (grant; no lien) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Yale Homebuyer Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Yale Homebuyer Program sets its income limit as follows: No income limit; employment-based.

• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Yale Homebuyer Program can be used for Single Family, 2-4 Unit, and Condo.

• Manufactured homes are not eligible.

Is there eligibility for specific groups?

Yale Homebuyer Program is limited to employees of Yale faculty (>=1yr appt, 50%+ FT) or permanent staff (20+ hrs/wk); excludes residents, postdocs/fellows, students, casual employees.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Yale Homebuyer Program serves buyers purchasing in New Haven, Connecticut.

• The program gives priority to designated target areas, so the address matters as well as the county.
• Targeted neighborhoods: Beaver Hills, Dixwell, Dwight, East Rock, Fair Haven, Hill, Newhallville, West Rock, Wooster Square; enhanced Dixwell/Winfield.

How do you apply?

Applications for Yale Homebuyer Program go through Yale University Human Resources / Office of New Haven Affairs, which publishes the current terms and the application steps on its own site.

1. 1

   Contact Yale University Human Resources / Office of New Haven Affairs to reserve funds

   Funds are reserved through Online application via Yale HR portal; eligibility letter to lender, and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.