Assets for Independence (AFI)
The Assets for Independence (AFI) program is a state-wide homeownership down-payment matched-savings program for income eligible first-time homebuyers. The AFI program is made possible by the New York State Division of Housing and Community Renewal.
The match rate is 1 to 4, with a grant value of up to $7,500. First-time homebuyers open a savings account at Chase Bank and save on a systematic basis between 12 and 24 months. Participants are not required to obtain a mortgage from Chase Bank. Monthly savings deposits range from $78.13 to $156.25, depending on the length of the savings term.
For more information, please contact a HomeFront, Inc. representative today!
Qualifications
Participants must be first-time homebuyers, income eligible, and have less than $10,000 in net assets at time of enrollment in the AFI Program.
Income-Eligibility (Adjusted for Family Size) as Follows:
- 1 Person - $21,660
- 2 Person - $29,140
- 3 Person - $36,620
- 4 Person - $44,100
- 5 Person - $51,580
- 6 Person - $59,060
- 7 Person - $66,540
- 8 Person - $74,020
Contact Homefront
Suite 101
Buffalo, NY 14202 Phone: 716-856-2952
Fax: 716-856-4639
generalinfo@homefrontbflo.org