NYS SONYMA Down Payment Assistant Program Requirements

[Nick Louie]

BiggerPocketers, 

My name is Nick. I'm moving back to Manhattan from abroad in about a week. I'm looking to house-hack via FHA (3.5%) immediately. Ideally, I'm looking to land a multi-family in Brooklyn with 4 units + an additional dwelling unit, like a basement.

I did some research on loans, and I noticed some providers in NYS offer a product called "SONYMA FHA PLUS," which is a combination of an FHA loan and SONYMA's down payment assistant program ("DPAP"). The DPAP grants qualified first time home buyers up to $15,000 in down payment and closing costs. This is a grant, so the buyer wouldn't have to repay the $15,000, with some exceptions. After researching, I do not believe the DPAP has income limits (Please correct me if I'm wrong). 

My question is: has anybody used the DPAP before? I'd love to hear the community's thoughts on the DPAP. It seems attractive. 

I do know that: (1) the applicant must reside in the residence for 10 years; and (2) the applicant cannot pay off the mortgage within 10 years as well. Besides these requirements, it seems the DPAP is a great program for first-time buyers in NYS. 

Any feedback would be great!