HOUSING
INITIATIVEs
Business development,
Workforce initiatives and
DOWNTOWN Revitalization
PUBLIC SERVICE
PROGRAMS
The Village of Hempstead Community Development Agency has launched and expanded several housing initiatives to promote neighborhood stabilization and long-term affordable housing for current and future village residents.
The four DOZ overlay zones do not replace the underlying zoning rules and regulations that currently exist in the DOZ. They provide an alternative option for landowners to use in developing and redeveloping their land and buildings within the DOZ.
The CDA funds programs to improve both the residential and commercial sectors within the Village of Hempstead.
The CDA offers assistance to public service organizations to reduce blight, and improve opportunities for low and moderate income residents.
DOWN PAYMENT
ASSISTANCE PROGRAM
Up to $25,000.00 available to
First Time Home Buyers to purchase
a home in the Village of Hempstead
The Village of Hempstead Community Development Agency through Nassau County and HUD is offering First-Time Home Buyers assistance to cover down payments and/or closing costs
Village of Hempstead Community Development Agency
50 Clinton Street, Suite 504
Hempstead, New York, 11550
(516) 485-5737
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Be a First Time Home Owner - as defined by HUD as a purchaser that has not owned a home during the three-year period immediately prior to the purchase of a residence with down payment assistance
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Be a buyer occupying the property as a Principal Residence
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Qualify as Income Eligible (at or below 80% of AMI) - meaning a prospective buyer must have a gross annual household income not exceeding the income limits for the area including overtime and assets
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Have a minimum down payment of at least $5,000
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Attend a mortgage counseling session, be able to satisfy the mortgage lender's minimum down payment requirements and be able to secure a mortgage
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Have a minimum household income of at least $30,000
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Applications: Complete program requirements and applications will be available by mail upon request, or can be picked up in person beginning October 28, 2019 at:
Completed applications will be accepted between November 15, 2019 and February 14, 2020
