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UB H.O.M.E. Program

Helping UB Employees and the Community, One Home at a Time

To encourage home ownership and help support stabilization and revitalization in and around the South Campus, the University at Buffalo is pleased to offer the UB H.O.M.E. (Home Ownership Made Easy) program to full-time faculty and staff.

On this page:

The UB H.O.M.E. program is being funded by the University at Buffalo Foundation (UBF) in partnership with West Side Neighborhood Housing Services (West Side NHS), Inc., a NeighborWorks America Chartered Member with a proven track record of housing and community revitalization.

Qualified buyers will be eligible for a combination of interest–free deferred and forgivable loans of up to $5,000, which can be used to help cover down payments and closing costs or for interest rate reduction. Up to $7,500 is available for homes in the target area east of Bailey Avenue.  

Eligible Properties

Properties eligible for the UB H.O.M.E. program are indicated on the map below. Up to $5,000 in funding is available for homes within the blue section of the map and up to $7,500 is available for homes within the orange section.  

How the Deferred Loan Works

Each loan is made up of a UBF-funded piece and a West Side NHS-funded piece. The UBF portion will be forgiven if the original homebuyer remains in the home for a minimum of five continuous years. The West Side NHS portion is an interest-free, deferred loan that must be paid back when the home is sold.

EXAMPLES

  • $5,000 loan—$2,500 from UBF funding and $2,500 from West Side NHS funding; $2,500 forgiven after five continuous years of owner occupancy; $2,500 to be repaid to West Side NHS when home is sold
  • $7,500 loan (if in specially targeted area)—$5,000 from UBF funding and $2,500 from West Side NHS funding; $5,000 forgiven after five continuous years of owner occupancy; $2,500 to be repaid to West Side NHS when home is sold

West Side NHS Programs

UB H.O.M.E program participants may take advantage of these additional services:
 
  • Additional down payment and closing cost assistance programs from various agencies
  • Financial aid and credit counseling
  • Homebuyer education and post-purchase education courses
  • Home improvement loans

Interested in Applying?

If you have questions or would like to apply to the UB H.O.M.E. program, contact Pamela Kwiatkowski or Michele Gil at West Side NHS: (716) 885-2344.

Program Orientation
Join us on Dec. 15, 2015

Stop by to learn more about the program, speak to West Side NHS representatives and loan specialists, and more. Visit us anytime between:

  • 9:30 a.m.-11:30 a.m.
  • 1:00 p.m.-3:00 p.m.

University at Buffalo
100 Allen Hall, South Campus 

For Additional Information

Visit www.wsnhs.org/ub-home-program/