Dutchess County First-Time Homebuyer Grant Program

Dutchess County First-Time Homebuyer Grant Program is a grant for homebuyers in Poughkeepsie, New York, administered by Community Housing Innovations, Inc. (CHI). Dutchess County partners with Community Housing Innovations to offer up to $50,000 in AHC grant funding for income-eligible first-time homebuyers purchasing anywhere in Dutchess County. Award is tiered by AMI band. Funds cover down payment, closing costs, and required post-purchase rehabilitation expenses. Provided as a forgivable silent second lien. Up to $50,000 grant. Down payment and closing cost coverage. Tiered awards by income (80%/90%/110% AMI). Forgivable silent second lien. Must-attend free orientation with CHI. Funding comes from NYS Affordable Housing Corporation (AHC) via NYS Office of Homes and Community Renewal.

Dutchess County First-Time Homebuyer Grant Program offers between $32,500 and $50,000 in assistance. Award tiers: Up to $50,000 at 80% AMI; Up to $40,000 at 90% AMI; Up to $32,500 at 110% AMI. Homebuyer contribution: Minimum 3% of purchase price from own funds (savings, 401K, or gift). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Community Housing Innovations, Inc. (CHI) determines any individual award.

Dutchess County First-Time Homebuyer Grant Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale, transfer, or failure to occupy as primary residence. The assistance is recorded in second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Dutchess County First-Time Homebuyer Grant Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Not owned in last 3 years. A homebuyer education course is required, through CHI free Grant Orientation; HUD-approved education course required. Residency requirement: Purchase within Dutchess County. 60% of grant proceeds may be used for acquisition costs (down payment/closing); 40% must be used for rehabilitation of property. Proof of rehab costs submitted electronically through SONYMA.

Dutchess County First-Time Homebuyer Grant Program limits household income to $98,400. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 6. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Dutchess County First-Time Homebuyer Grant Program can be used for Single Family, Condo, and Co-op. Manufactured homes are not eligible.

Dutchess County First-Time Homebuyer Grant Program serves homebuyers purchasing in Poughkeepsie, New York.

Applications for Dutchess County First-Time Homebuyer Grant Program go through Community Housing Innovations, Inc. (CHI), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.