City of Kingston First-Time Homebuyer Grant

What is City of Kingston First-Time Homebuyer Grant?

City of Kingston First-Time Homebuyer Grant is a forgivable loan for homebuyers in Kingston, New York, administered by RUPCO (NeighborWorks HomeOwnership Center) on behalf of the City of Kingston.

• RUPCO administers HUD funding from the City of Kingston's CDBG Entitlement Program to assist low-income first-time homebuyers purchasing residential homes in the City of Kingston with acquisition costs. Funding is provided as a soft-second, zero-interest deferred forgivable lien of up to $50,000; recipients must occupy the home as their primary residence for 10 years.
• Soft-second, zero-interest deferred forgivable lien up to $50,000 for acquisition costs.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from HUD CDBG via City of Kingston.

How much assistance does it provide?

City of Kingston First-Time Homebuyer Grant offers up to $50,000 in assistance.

• Amounts are the program's published maximums, not an offer — RUPCO (NeighborWorks HomeOwnership Center) on behalf of the City of Kingston determines any individual award.

Do you have to pay it back?

City of Kingston First-Time Homebuyer Grant is forgiven after 10 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Prorated repayment if not occupied as primary residence for 10 years.
• The assistance is recorded in subordinate position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Kingston First-Time Homebuyer Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Kingston First-Time Homebuyer Grant limits household income to 80% of the area median income, which varies by county and household size.

• Gross income all sources: 1=$62,550; 2=$71,500; 3=$80,450; 4=$89,350; 5=$96,500; 6=$103,650; 7=$110,800; 8=$117,950.
• 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?

City of Kingston First-Time Homebuyer Grant can be used for single_family, condo, and townhome.

• Manufactured homes are not eligible.

Where does it apply?

City of Kingston First-Time Homebuyer Grant is a federal program, so it is not limited to New York.

How do you apply?

Applications for City of Kingston First-Time Homebuyer Grant go through RUPCO (NeighborWorks HomeOwnership Center) on behalf of the City of Kingston, 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 RUPCO (NeighborWorks HomeOwnership Center).

2. 2

   Contact RUPCO (NeighborWorks HomeOwnership Center) on behalf of the City of Kingston to reserve funds

   Funds are reserved with the provider 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.