The Suffolk County HOME Consortium utilizes these funds to strengthen public-private partnerships and to expand the supply of decent, safe, sanitary and affordable housing, for low and moderate income home buyers and renters. To accomplish these objectives, the Suffolk County HOME Consortium allocates these funds to carry out multi-year housing strategies through acquisition, rehabilitation and new construction of housing. Community Housing Development Organizations (CHDO), local municipalities and various non-profits are some of the organizations that utilize these HOME funds to assist in accomplishing this.
In addition, the Suffolk County Community Development Office works with HOME funds to administer two Home Buyer Assistance Programs:
1) DOWN PAYMENT ASSISTANCE PROGRAM
The Down Payment Assistance Program (DPAP) provides eligible, first-time homebuyers with a conditional grant of up to $10,000 to use towards their down payment. The buyer is responsible for the balance of the down payment and all the closing costs. Applicants must attend housing counseling prior to submitting an application. A mortgage counseling certificate is now a requirement for applying to the DPAP. The first-time buyer qualification will be waived for U.S. military veterans who have a DD-214 form verifying honorable discharge.
The 2016 Program opens as of September 9, 2016.
Click here for a list of HUD certified non-for-profit housing agencies.
Click here for the Down Payment Assistance Program Quick Reference Guide.
Haz clic aquí para el Programa de Asistencia con el Pago Guía de Referencia Rápida.
Click here for the 2016 Guidelines and the Application.
2) EMPLOYER ASSISTED HOUSING PROGRAM
The purpose of the Employer Assisted Housing Program is to assist Long Island employers with recruiting and retaining a skilled and qualified workforce to ensure economic stability by providing financial assistance and housing counseling to eligible employees. Suffolk County Employer Assisted Housing Program funds are essentially a zero-interest deferred loan. The grant assistance will be in the amount of $12,000 granted to eligible applicants to assist with the down payment toward the purchase of an owner occupied, single family residence. State funds are matched with funding from the employer to be used towards purchase and repairs. Currently, over 120 companies participate in this program.