NYS AHC Ulster County First-Time Homebuyer Grant

Thinking of purchasing a home in Ulster County? 

RUPCO can help you make it happen with funding through the NYS Affordable Housing Corporation (AHC) First-Time Homebuyer Grant.

This program provides up to $75,000 in assistance to eligible first-time buyers. Funds can help cover closing costs, down payment assistance, and essential post-purchase repairs—giving you the support you need to unlock the door to homeownership.

Do you have an accepted home offer and
believe you might qualify for this opportunity?
Complete our intake form to get in touch
with a homebuying counselor

Intake Form

Download flyer 

What the Grant Covers:

Up to $75,000 in grant funding based on income, need, and home type.

Support for:

    • Closing costs.
    • Down payment assistance.
    • Moderate home repairs (required unless the home was recently renovated by a Land Bank, Community Land Trust, or YouthBuild program).


Repairs Are a Key Requirement: To receive grant funding, the home must need post-closing repairs. At least 51% of the grant  must be used for those repairs. If no repairs are needed, the grant cannot be awarded.


Who is Eligible?

  • First-time homebuyers planning to live in the Ulster County home. 
  • Buyers must contribute at least 1% of the purchase price.
  • Income-eligible applicants only (awards vary by need). See income limit and grant tier
  • Your mortgage must be affordable—after the grant, your housing ratio must fall below 33%


Please note:

  • Homes must be feasible, affordable, and within program scope
  • No reimbursements are allowed—funds are available at or after closing
  • If the home doesn’t need repairs or the loan is unaffordable, the grant cannot be awarded

Household Gross Income Limits and Grant Tiers (Updated 9/16/25)

Number of Persons in Household 12345678
Up to $75,000***$50,325$57,525$64,725$71,880$77,662$83,400$89,175$94,912
Up to $60,000 - 20 year deed restriction$50,325$57,525$64,725$71,880$77,662$83,400$89,175$94,912
Up to $50,000 - 20 year deed restriction.$67,100$76,700$86,300$95,850$103,550$111,200$118,900$126,550
Up to $40,000 - 10 year deed restriction$75,487$86,287$97,087$107,820$116,493$125,100$133,762$142,368
Up to $32,000 - 10 year deed restriction $92,262$105,462$118,662$131,780$142,380$152,900$163,487$174,005
Up to $25,000 - 10 year deed restriction$110,715$126,555$142,395$158,136$170,856$183,480$196,185$208,806

*Gross income Includes income of dependents and other adults in the household over 18 and not full-time students. Includes Social Security, child support or other applicants and non-applicant income. Income limits are based on a percentage of HUD’s medium income for Ulster County NY.
** Liens/ Residency Restriction- Grants are second soft second forgivable zero interest deferred loans and will be a lien on the home with residency restrictions. You cannot use the home as a full-time or short-term rental during the term.
***Amounts over $65,000 up to $75,000 are only available on properties that have long-term deed restrictions of no less than 60 years as part of the sale agreement.  Even if you sell the home and repay the AHC amount due, the home will still have a resale restriction of no less than 60 years to an eligible buyer as written in the terms of the Landbank