Binghamton Homeownership Academy

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The Binghamton Homeownership Academy currently has 3 grants available:

  1. FIRST TIME HOMEBUYER – City of Binghamton Affordable Housing Program provides first time buyers with deferred loans to assist with down payment and closing costs up to $10,000. After 5 years, the loan is forgiven in full if the buyer stays the occupant of the purchased property.
  2. FIRST TIME HOMEBUYER – City of Binghamton AHC grant which provides up to $10,000 toward purchase and $20,000 toward rehabilitation costs. This grant program is targeted specifically for middle-income families, so please reach out to BHOA to determine eligibility.
  3. EXISTING HOMEOWNER – City of Binghamton HOME grant provides deferred renovation loans ( no monthly payments/ no interest) to eligible owner-occupants of single unit homes. The maximum loan amount is $25,000.

For more information on these grants and other housing resources currently being offered by our partner agencies, please call the academy customer service line at 723-0723.

Thinking of purchasing in Chenango County?
Quaranta Housing Servics, a BHOA partner agency, now has a grant availible which provides $20,500 toward down payment and closing cost assistance. Please feel free to reach out directly to this partner agency at 607-336-2101 Ext 128 if you are interested in purchasing your first home in Chenango County.


The First Home Club* (FHC) is an excellent program that rewards those who are saving to make their first home purchase, and the BHOA partners with several local banks to offer this matched savings program. For every $1 you save and deposit, one of our local FHC lenders will match it with $4–up to a maximum of $7,500 MATCH!

There are various savings plans ranging from 10 to 24 months long, and our academy counselors can help pair you with a local lending institution that offers the FHC Savings Account.

For more information contact Michele Clark, First Time Homebuyer Specialist, BHOA at 607-643-1035!