This workshop is offered once per week via zoom or at MHANY’s office and lasts for approximately two hours. It is mandatory that every prospective homebuyer attend a First Time Homebuyer workshop/seminar. After completing a minimum of 8 hours of counseling with MHANY HUD certified counselor, they are eligible to receive a HUD counseling certificate. 

The workshop/seminar includes:

• The steps to buying a new home

• Key questions prospective homebuyers should ask themselves to determine if they are ready for homeownership

• Mortgage payment versus rent - similarities/differences; pros/cons

• Bank criteria for loan applicants

• Down payment assistance (for eligible purchasers)

• Walk through of how MHANY's staff determine home buyer's affordability

• Pros and cons of purchasing different types of homes

• Condominiums/Cooperatives; the differences, formation, governance, common charges etc.

• Things to look for when reviewing the third party engineer inspection report - every homebuyer should spend this money on independent engineer's report

• Terminology the homebuyer will hear during the home buying process

• Post Closing - what to do after you own, what to be careful with once you own the home including rental collection, being a landlord, maintenance

First Time Home Buyer Workshops

Click on this link to register

Please note:

• The webinar is limited to 30 participants

• The webinar registration will be approved on a first-come, first-serve basis.

• Once you have registered, you will receive an email confirmation with information about joining the webinar.

Housing Choice
Housing Choice: HPD’s Mobility Counseling Program (Housing Choice) is a mobility counseling program administered by the City of New York’s Department of Housing Preservation and Development (HPD). HPD is working with MHANY to offer Home Improvement Grants on behalf of program participants. learn more