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“THE FIRST-TIME HOMEBUYER PROGRAM IS CURRENTLY OUT OF FUNDS.  WE NO LONGER MAINTAIN A WAITING LIST FOR THIS PROGRAM. Please check back on a periodic basis to see if additional funds have become available.“

The goal of the First-Time HomeBuyer Program is to expand home-ownership opportunities for qualified low-to-moderate income households.  The Town, through the Amherst-Cheektowaga-Tonawanda HOME Consortium, provides deferred, 0% loans of $5,000 to income-eligible homebuyers to cover closing costs associated with the purchase of their first home.  A lien is placed on the home to secure the loan.  Repayment of the loan is due upon sale of the house, transfer of title, refinancing of the original mortgage, when a home equity loan/line of credit is secured, or when the homeowner ceases to occupy the house as a primary place of residence.  Loan funds that are repaid are used to replenish the program’s first-time homebuyer fund, thereby enabling the Town to assist future low-to-moderate income first-time homebuyers.

More detailed information about the program can be found in the First-Time Homebuyer Program Guidelines and the Program Fact Sheet.

First-Time Homebuyer Program Guidelines (link coming soon)

Additional Resources

Housing and Mortgages on Affordable Housing –

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