NYS AHC Ulster County First-Time Homebuyer Grant

What is NYS AHC Ulster County First-Time Homebuyer Grant?

NYS AHC Ulster County First-Time Homebuyer Grant is a forgivable loan for homebuyers in Kingston, New York, administered by RUPCO, Inc. (NeighborWorks HomeOwnership Center).

• RUPCO administers the NYS Affordable Housing Corporation (AHC) First-Time Homebuyer Grant in Ulster County, providing up to $75,000 in forgivable assistance (soft second, 0%, deferred) for closing costs, down payment, and required moderate post-closing repairs. Grant amount is tiered by household income and home type, with corresponding 10-, 20-, or 60+ year deed restrictions. Buyers contribute at least 1% of the purchase price and keep the post-grant housing ratio below 33%.
• Up to $75,000 toward down payment, closing costs, and repairs.
• 0% interest, forgivable.
• Funding comes from New York State Affordable Housing Corporation (AHC).

How much assistance does it provide?

NYS AHC Ulster County First-Time Homebuyer Grant offers between $25,000 and $75,000 in assistance.

• Award tiers: Grant tier tied to income and home type: up to $75,000 (60+ yr restriction over $65,000); up to $60,000 (20-yr); up to $50,000 (20-yr); up to $40,000 (10-yr); up to $32,000 (10-yr); up to $25,000 (10-yr). Higher grant = lower income limit.
• Buyer contribution: Buyers must contribute at least 1% of the purchase price from own funds.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — RUPCO, Inc. (NeighborWorks HomeOwnership Center) determines any individual award.

Do you have to pay it back?

NYS AHC Ulster County First-Time Homebuyer Grant is forgiven after 20 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, transfer, or cessation of owner-occupancy / use as rental during the deed-restriction term; soft forgivable 0% deferred loan secured by lien.
• The assistance is recorded in Subordinate (second) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

NYS AHC Ulster County 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?

NYS AHC Ulster County First-Time Homebuyer Grant sets its income limit as follows: Household gross income limits (updated 9/16/25) by tier and size. $75,000 tier (1-8): $50,325-$94,912. $50,000 tier: $67,100-$126,550. $40,000 tier: $75,487-$142,368. $32,000 tier: $92,262-$174,005. $25,000 tier: $110,715-$208,806.

• 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?

NYS AHC Ulster County First-Time Homebuyer Grant can be used for Single Family.

• New construction is not eligible.

Where does it apply?

NYS AHC Ulster County First-Time Homebuyer Grant serves buyers purchasing in Kingston, New York.

How do you apply?

Applications for NYS AHC Ulster County First-Time Homebuyer Grant go through RUPCO, Inc. (NeighborWorks HomeOwnership Center), 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 HomeOwnership Center (NeighborWorks); information sessions and counseling required.

2. 2

   Contact RUPCO, Inc. (NeighborWorks HomeOwnership Center) 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.