Eligibility
Income Eligibility:Applicants must have a household income equal to or less than 60% of the Area Median Income.
Eligible Property Types: Applicants may use DPAL+ to purchase a 1-4 unit single family home, condominium unit or coop unit.
Funding for this program was exhausted on January 30, 2025. Homebuyers who were eligible for this program may apply to the DPAL Plus ATD III program.
Eligible Awards
DPAL+ must be used in conjunction with a SONYMA mortgage and applicants must qualify for a SONYMA mortgage as a condition of receiving the DPAL assistance.
Award Amounts
The DPAL + award will be sized to bring the applicants’ primary mortgage down to 80% of the loan to value of the home. The maximum award will not exceed $30,000 per applicant. The assistance may be used to pay for down payments, closing costs, and where necessary, a one-time Primary Mortgage Insurance payment.
Regulatory Period
Homeowners who receive an award under this program will sign a 10-year regulatory agreement. The award will be forgiven on a declining balance amortization schedule, such that the full award will be fully forgiven if the homeowner remains in the home with a sale or refinance for the full 10 years.
Partnerships
M&T
Premium Mortgage
First Priority Mortgage