Homeownership not only benefits families, but our community.


This program is unable to assist purchasers currently; however, an application for additional funding has been submitted to New York State.  If you are planning to buy a home within the City of Oneonta in the future and would like to be considered for the program, you are encouraged to submit an application now.  Should funding become available we will contact you.  

In partnership with The City of Oneonta, Opportunities for Otsego offers financial assistance and support to low-income families to purchase and make repairs to their first home.  

Applicants must be seeking to purchase a home within The City of Oneonta* and be able to qualify for and secure a mortgage with a local bank/lending institution

We may provide:

  • Up to $36,000 in a deferred loan for the purchase and rehabilitation of a home.  At least 51% of loan funds must be used for rehabilitation.
  • First Time Homebuyer Education and Counseling.
  • Free home energy audits and home quality assessments.
  • Development of individual home rehabilitation work scope and cost estimates.
  • Assistance in locating and corresponding with contractor(s).
  • Linkages to home energy assistance programs (e.g. Weatherization, NYSERDA)

Get help today:

  • Call us at 607.433.8000
  • Visit our offices at 3 West Broadway, Oneonta
  • Download an application and submit to Opportunities for Otsego: First Time Homebuyers Program - 3 West Broadway - Oneonta, NY  13820.  To expedite the approval process, please submit all required documentation with the pre-application. 

Fee for services:

  • First Time Homebuyer Education: Potential homeowners can choose to take classroom-based education ($50) or an online course ($99).   Households that successfully complete classroom-based education will be reimbursed 50% for the cost of the class.
  • Down Payment:  Potential homeowners must contribute at least $1,000 towards the down payment on a home.

Funded by:

  • NYS Homes & Community Renewal(HCR); Affordable Housing Corporation (AHC)

Administered in Partnership with:



* If you are looking to purchase a home outside The City of Oneonta, you may be able to obtain assistance through programs administered through the Otsego County Planning Department or one of the housing programs administered by USDA Rural Development.  Available USDA programs:

 For more information, visit their website or call the Rural Development office at 518.295.8600 ext 4.