Matched Savings Program: First Home Club

This program provides a matching $4 for every $1 saved by a potential homebuyer, to assist with downpayment and closing costs. Saving tips and financial education workshops are provided to help people learn how to save.

The main goal of this program is to assist people learn how to save in order to increase their wealth, for the ultimate goal of creating strong viable neighborhoods;grants are matched $4 for every $1 saved up to a maximum  of $7,500! Savings must be done for a minimum of ten months up to a maximum of 24 months. Potential homebuyers may choose to save at 1 of 6 local lending institutions.

Participating Lenders:

• First Niagara Bank
• HSBC
• M&T Bank
• Pioneer Savings
• SEFCU
• NBT Bank
  

Maximum income limits to qualify for this program are as follows:

1 or 2 person household: $ 56,480

3 or more person household: $ 64,952

Participants in the First Home Club may apply for additional downpayment assistance near the end of their saivings period.

Please contact: TRIP's HomeOwnership Center at 690-0020 for more information and to sign up for the next Homebuyer Orientation.