ANCP Washington Heights Co-op 1st Time Homeowner Opportunity
Co-op Sales (1st time Homeowner Program) - 1st come 1st serve basis-AVAILABLE NOW! No waiting!
OPEN MARKET- UNITS AVAILABLE NOW- 1st COME 1st SERVE BASIS
Own Your Piece of Manhattan in Washington Heights
Developments located in the heart of Washington Heights, one of Upper Manhattan's most vibrant historic character, culture, parks, dining, shopping, and exceptional transportation come together.
2 buildings offering opportunities to become a 1st time homeowner. Sales of Co-ops in prime location in Washington Heights NYC.
Informational sessions will be held on: Tuesday October 27, 2026, and November 10, 2026, via video presentation
Topic: ANCP Phase II - First-time Homeownership Lottery
Applications and documents can be either mailed/ dropped off in person to:
ANCP c/o MHANY Management Inc.
470 Vanderbilt Avenue 9th Fl
Brooklyn NY 11238
Or, emailed to:
- All units are general preference.
- Applications will be processed in order they are received
Development name: Washington Heights HDFC
518 WEST 161 STREET, NEW YORK, NY 10032
Eligible buyers should have 3% of the purchase price available for a down payment.
Please note that the quoted sales prices, household income range, asset limit, monthly costs, etc., are estimated and are subject to change.
EACH BUYER MUST OCCUPY THE COOPERATIVE AS THEIR PRIMARY RESIDENCE.
ANY PROSPECTIVE APPLICANT WHO CURRENTLY OWNS OR PREVIOUSLY HAS PURCHASED A RESIDENTIAL PROPERTY IS INELIGIBLE.
The estimated sales prices, unit sizes, and income requirements are as follows:
| Bedrooms | 110% Area Median Income Units Available | Household Size1 | Total Annual Income Range2 Minimum – Maximum3 | Asset Limit4 | Estimated Monthly Maintenance5 | TOTAL Estimated Monthly Housing Costs6 (Monthly Maintenance + Mortgage payments + Insurance) | Estimated Subsidized Sales Prices7 |
|---|---|---|---|---|---|---|---|
| 2 bedrooms | 5 | 2 people | $80,089-$149,270 | $246,419 | $940 | $2,688.85 | $228,790 |
| 5 | 3 people | $80,089-$167,970 | $246,419 | $940 | $2,688.85 | $228,790 | |
| 5 | 4 people | $80,089-$186,560 | $246,419 | $940 | $2,688.85 | $228,790 | |
| 5 | 5 people | $80,089-$201,520 | $246,419 | $940 | $2,688.85 | $228,790 | |
| 3 bedrooms | 2 | 3 people | $91,119-$167,970 | $248,510 | $1239 | $3,252.45 | $310,602 |
| 2 | 4 people | $91,119-$186,560 | $248,510 | $1239 | $3,252.45 | $310,602 | |
| 2 | 5 people | $91,119-$201,520 | $248,510 | $1239 | $3,252.45 | $310,602 | |
| 2 | 6 people | $91,119-$216,480 | $248,510 | $1239 | $3,252.45 | $310,602 |
- Household Size is subject to occupancy criteria.
- Total Annual Income Range is subject to change; larger down payments may allow for lower minimum incomes.
- Income guidelines subject to change.
- Asset Limit is subject to change.
- Estimated Monthly Maintenance is paid to the cooperative to cover building-wide operating expenses
- TOTAL Estimated Housing Costs includes the Estimated Monthly Maintenance PLUS mortgage principal (assuming minimum 5% down payment), homeowner and mortgage interest (assuming 7% rate) and homeowner’s insurance (assumed to be $50). It DOES NOT INCLUDE apartment utilities. The homeowner is also responsible for paying (electric).
- Estimated Subsidized Sales Price reflects the net sales price based on eligibility for purchaser subsidy.
How Do You Apply?
Development name: Washington Heights HDFC
544 WEST 163 STREET, NEW YORK, NY 10032
Eligible buyers should have 3% of the purchase price available for a down payment.
Please note that the quoted sales prices, household income range, asset limit, monthly costs, etc., are based on a 3% down payment, are estimated and subject to change.
EACH BUYER MUST OCCUPY THE COOPERATIVE AS THEIR PRIMARY RESIDENCE.
ANY PROSPECTIVE APPLICANT WHO CURRENTLY OWNS OR PREVIOUSLY HAS PURCHASED A RESIDENTIAL PROPERTY IS INELIGIBLE.
The estimated sales prices, unit sizes, and income requirements are as follows:
| Bedrooms | 110% Area Median Income Units Available | Household Size1 | Total Annual Income Range2 Minimum – Maximum3 | Asset Limit4 | Estimated Monthly Maintenance5 | TOTAL Estimated Monthly Housing Costs6 (Monthly Maintenance + Mortgage payments + Insurance) | Estimated Subsidized Sales Prices7 |
|---|---|---|---|---|---|---|---|
| 3 bedrooms | 3 | 3 people | $91,119-$167,970 | $246,510 | $1,135 | $2,895.31 | $270,602 |
| 4 people | $91,119-$186,560 | $246,510 | $1,135 | $2,895.31 | $270,602 | ||
| 5 people | $91,119-$201,520 | $246,510 | $1,135 | $2,895.31 | $270,602 | ||
| 6 people | $91,119-$216,480 | $246,510 | $1,135 | $2,895.31 | $270,602 |
- Household Size is subject to occupancy criteria.
- Total Annual Income Range is subject to change; larger down payments may allow for lower minimum incomes.
- Income guidelines subject to change.
- Asset Limit is subject to change.
- Estimated Monthly Maintenance is paid to the cooperative to cover building-wide operating expenses
- TOTAL Estimated Housing Costs includes the Estimated Monthly Maintenance PLUS mortgage principal (assuming minimum 5% down payment), mortgage interest (assuming 7% rate), and homeowner’s insurance (assumed to be $50. It DOES NOT INCLUDE apartment utilities. The homeowner is also responsible for paying (electric).
- Estimated Subsidized Sales Price reflects the net sales price based on eligibility for purchaser subsidy.
MHANY offers 1st time homeowner workshops:
First Time Home Buyer Workshops
Buying your first home is a big step—one that’s easier, safer, and more achievable when you have the right guidance. MHANY’s First-Time Homebuyer Workshop is offered either via Zoom or in person at our office, and lasts approximately two hours. Every prospective buyer must attend this workshop/seminar as part of their homeownership journey.
After completing the workshop and a minimum of 8 hours of one-on-one counseling with a HUD-certified MHANY counselor, participants become eligible for a HUD Counseling Certificate—a credential recognized by lenders and required for many down-payment assistance programs.
The Neighborhood
Fort Washington Park & Hudson River
“Nature and waterfront recreation right in Upper Manhattan.”
Fort Washington Park gives residents access to walking paths, open green space, waterfront views and recreation along the Hudson River.
George Washington Bridge
“Iconic New York views at your doorstep.”
The George Washington Bridge is one of Upper Manhattan's most recognizable landmarks and provides a dramatic backdrop to the neighborhood.
Little Red Lighthouse
“Discover one of Manhattan's hidden historic gems.”
The Little Red Lighthouse sits beneath the George Washington Bridge along the Hudson River and is one of the area's most distinctive landmarks.
The Cloisters & Fort Tryon Park
“Culture, gardens and history just uptown.”
The Cloisters, part of The Metropolitan Museum of Art, provides an exceptional cultural destination within Fort Tryon Park.
Audubon Terrace
“Surrounded by history, architecture and culture.”
Audubon Terrace is an important historic and cultural destination in Washington Heights, with impressive Beaux-Arts architecture.
Neighborhood Lifestyle
“A vibrant neighborhood with a culture all its own.”
The surrounding Washington Heights community offers restaurants, cafés, grocery stores, shopping and everyday services, with a particularly strong Dominican and Latino cultural presence.
Schools & Education
Convenient Access to Schools
Current property information identifies several nearby schools, including P.S. 4 Duke Ellington, Community Math & Science Prep, Community Health Academy of the Heights, St. Rose of Lima School and Gregorio Luperon High School for Science and Mathematics.
Nearby schools include:
- P.S. 004 Duke Ellington -Elementary school
- Community Math & Science Prep -Middle school
- Community Health Academy of the Heights -High school
- Gregorio Luperon High School for Science and Mathematics -High school
- WHIN Music Community Charter School -Charter school
A Neighborhood Designed for Walking
97/100
Walk Score — “Walker's Paradise”
100/100
Transit Score — “Rider's Paradise”
86/100
Bike Score
- Steps from the C subway line
- Approximately 2 minutes to the A/C trains and approximately 7 minutes to the 1 train, according to current - property listings.
- Convenient access to Broadway, Amsterdam Avenue and major neighborhood shopping
- Nearby supermarkets, restaurants, cafés and everyday services
- Close to Fort Washington Park and the Hudson River waterfront
- Easy access to some of Upper Manhattan's most important historic and cultural destinations
- A neighborhood with a strong Dominican/Latino cultural influence and diverse community character
- Surrounded by historic architecture and classic pre-war Manhattan buildings