First Time Homebuyer Program – Financial Fitness Program

If you need to work on repairing your credit or building your savings, your counselor will recommend the Financial Fitness course. This is a five-week educational course that will change how you manage your money and credit. The course covers such topics as:

  • Assessing Your Financial Health
  • Setting and Achieving Financial Goals
  • Making Wise Consumer Decisions
  • Managing Your Taxes
  • Protecting Yourself and Your Family with Insurance

First Time Homebuyer Program – Free Homebuyer Orientation

Our free Homebuyer Orientation Seminars are designed to inform you about NHSNYC’s services, the steps to homeownership, and the resources available to you.

This informational session will help you answer the question, “Is Homeownership right for me?” At the end of the session you may complete the application for one-on-one counseling.

To attend one of these sessions, click here.

First Time Homebuyer Program – Homebuyer Education Course

This course provides you with the information that all first-time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. This course covers the following topics:

  • Are You Ready to Buy a Home?
  • Budget and Credit
  • Getting a Mortgage Loan
  • Shopping for a Home
  • Keeping your Home & Managing your Finances

The on-site course is taught by NeighborWorks® certified educators.

The Homebuyer Education course is also available online! This will provide you with the convenience of taking the course at your own pace, whenever it is convenient to you. This course takes approximately 8-10 hours and once you enroll, you may stop and start at any time. This online course is also a great way to become familiar with the home buying process even if you are not yet ready to get started. At the end of the course you will have to take a test, you will need to pass the test in order to graduate. Please click here to register and enroll in the online course.

First Time Homebuyer Program – One-on-One Counseling

One of our NeighborWorks® certified homeownership counselors will serve as your coach throughout your home purchase process and will provide you with:

  1. A personalized Credit and Budget Analysis – The counselor assesses your financial profile including employment history, credit history and assets.
  2. A personalized Affordability Analysis – The counselor considers income, assets and financial obligations to determine your readiness to purchase.
  3. A personalized Action Plan – The counselor provides you with guidance in the homebuyer process.

When you are ready to shop for a mortgage, your counselor will help you access the most competitive quotes, compare the mortgage offers and apply for downpayment and closing cost assistance.

Once you have completed your action plan and graduated from the Homebuyer Education course, your counselor will certify you as a “mortgage ready” borrower. This certificate will qualify you for downpayment and closing cost assistance through NHSNYC, as well as the best mortgage deals from our partner banks.

Emergency Loan Programs – Step 3: The Loan Process

If your Loan Officer determines that you qualify for the loan, instruct your contractor to submit directly to your NHS Loan Officer their license, Liability Insurance and Workers Comp Insurance. Upon approval of your loan, your Loan Officer will notify you of the closing. At the closing you will agree to the repayment terms of the Emergency Loan and authorize NHS to pay your contractor on your behalf from the loan proceeds. When your contractor has completed the work, NHS will perform a final inspection. Once the NHS Construction Services department indicates that the work is complete and the borrower signs off on the payment, the contractor is paid 90% of the project costs. 30 days later the contractor will receive the remaining 10%.

Donate Online

Donate Online

Please help us in our End of Year campaign to provide the resources to stabilize neighborhoods. Our 30th Anniversary Year has been full. NHSNYC has been there for so many neighbors in need. From fighting in Albany for foreclosure funding to distributing “We Care Clean-up Buckets” we are helping strengthen communities.

Your support at this critical time will enable us to reach real people. People like Isis who faced foreclosure and had nowhere to go. And people who have been hit by Hurricane Sandy and need to rebuild. Each of us can make a difference as we work to recover in the aftermath of Sandy and revitalize neighborhoods in New York City.

Please be as generous as you can when you make your end of year gift.

Neighborhood Housing Services of New York City, Inc.(NHSNYC) Charitable Solicitations Disclosure Statement: Neighborhood Housing Services of New York City, Inc. is tax-exempt under §501(c)(3) of the Internal Revenue Code.

All grants and contributions to NHSNYC are tax deductible to the fullest extent of the law, and will help NHSNYC meet its mission: Neighborhood Housing Services of New York City, Inc revitalizes underserved neighborhoods by creating and preserving affordable housing and providing opportunities for homeownership education, financial assistance and community leadership. Working in partnership with government and business, we are led by local residents and guided by local needs.

A copy of NHSNYC’s financial statements, its state registration information, and a description of our charitable purposes may be obtained by contacting us at: Neighborhood Housing Services of New York City, Inc., 307 West 36th Street, 12th Floor New York, New York, 10018 (212-519-2500), or by contacting the following state agency in accordance with the information below:
New York: The Office of the Attorney General, Charities Bureau, 120 Broadway, New York, NY 10271.

Emergency Loan Programs – Step 1: Gather Documents

Gather the documents below to prepare your loan application:

NHS Emergency Loan Program Document Checklist

1-4 Owner Occupants Emergency Loan

  1. Proof of Ownership
  2. Proof of Income
  3. Proof of Homeowner’s Insurance (declaration page)
  4. Most recent Real Estate Tax, water and sewer Statement
  5. Non-refundable Application Fee
  6. Contractor’s estimate
  7. Other items as requested

5-20 Residential and Mixed-use Buildings

  1. Proof of Ownership
  2. DHCR Rent Registration Summary
  3. Federal Income Tax Return including Schedule E for Individual Owners
  4. Financial Statement including Income and Expense Statement for Corporations and Partnerships
  5. Certificate of Incorporation/Partnership (if applicable)
  6. Most recent Real Estate Tax, water and sewer statement
  7. Non-refundable Application Fee
  8. Proof of Homeowner’s Insurance
  9. Copy of any Mortgage /Note or Satisfaction of Mortgage
  10. Other Items as requested

Emergency Loan Programs – Step 2: Make an Appointment

Emergency Loan Programs – Step 2: Make an Appointment

Request an appointment to make your application with one of the locations below.

NHS of Bedford Stuyvesant
NHS of East Flatbush
NHS of the North Bronx
NHS of the Northern Queens
NHS of the South Bronx

At your appointment the Loan Officer will determine your eligibility for the loan and coordinate your next steps Please remember to bring the documents listed above to your appointment including a work estimate from a licensed and insured contractor. Some projects may require our Construction Services Department to conduct site inspections, prepare a scope of work, schedule payments to the contractor and issue certificate of completion.

Financial Capability

Financial Capability

Neighborhood Housing Services of New York City, Inc. in partnership with the Neighborhood Trust Financial Partner (NTFP) provides GETTING AHEAD, a 5-week course that provides you the right tools and support to take control of your financial future. Each week you will work with your financial advisor to put together your goals and employ the right plan for your success.

Build Your Financial Action Plan Each Week

Set a wealth-building goal such as homeownership, higher education, entrepreneurship, or retirement. Master your household budget, diminish your debt, patch up your credit, and launch saving for your future.

Week 1: Set a financial goal

Week 2: Develop a budget

Week 3: Reduce your debt

Week 4: Get your credit report

Week 5: Start saving for your future

Managing debt and building wealth shouldn’t be as hard as it seems, if you have a plan. We will assist you in achieving your goals, by helping you to understand the “how and why” of winning financial habits. We will help you create a plan specific to your needs, that helps you reach your goals rather than set just set goals. Our trained staff will provide you the tools to create and achieve meaningful goals. Our innovative program curriculum provides guidance, accountability and encouragement– the result is an achievable financial future.

 

No matter what your future goals are, chances are you will need solid credit and money management skills to get there. If you need to work on repairing your credit, reducing your debt or building your savings, we can help. Take the first step in building a brighter future by contacting us today.