ADK Gateway Homeownership Program

What is ADK Gateway Homeownership Program?

ADK Gateway Homeownership Program is a grant for homebuyers in Glens Falls, New York, administered by City of Glens Falls Office of Community Development.

• The ADK Gateway Homeownership Program, administered by the City of Glens Falls Office of Community Development with NYS HCR HOME Program and HUD CDBG funding, provides grant funds to help income-eligible first-time homebuyers cover down payment and closing costs to purchase a home in the City of Glens Falls or anywhere in Warren County. Funding is based on each buyer's financial need.
• Grant (no monthly payment) for down payment and closing costs, forgiven over up to 10 years.
• Paired with a conventional mortgage.
• HUD-certified credit counseling provided.
• Funding comes from NYS Division of Homes and Community Renewal (HOME Program / Housing Trust Fund) and HUD CDBG (Glens Falls is a CDBG entitlement community).

Do you have to pay it back?

ADK Gateway Homeownership Program is structured as a grant, so it is not repaid.

• Repayment is triggered by Buyer must remain in the home as primary residence for up to 10 years after purchase, or a portion of the grant must be paid back to the City.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

ADK Gateway Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

ADK Gateway Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• 80% of Area Median Income for the Glens Falls Metro Area, effective June 1, 2025. By household size: 1=$56,000; 2=$64,000; 3=$72,000; 4=$80,000; 5=$86,400; 6=$92,800; 7=$99,200; 8=$105,600.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

ADK Gateway Homeownership Program caps the purchase price at $231,000.

• Eligible property types include Single Family.
• New construction is eligible.

Where does it apply?

ADK Gateway Homeownership Program serves buyers purchasing in Glens Falls, New York.

How do you apply?

Applications for ADK Gateway Homeownership Program go through City of Glens Falls Office of Community Development, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-certified credit counseling required (provided/arranged through the City's program).

2. 2

   Contact City of Glens Falls Office of Community Development to reserve funds

   Funds are reserved through Application submitted by mail to the Community Development Office; eligibility determined before purchase contract; assistance amount based on financial need, and are subject to availability.

3. 3

   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.