If the home purchased using First Home Club grant funds is sold during the first five years, the FHLBNY may request return of all or a portion of the matching grant funds unless the home is sold to an income eligible household (i.e., income is below 80% of the area median income adjusted for family size). If sold during the first five years to an income ineligible household, 20% of the First Home Club grant funds are forgiven each year.

A similar provision applies to any additional grant funds you might receive from North Country Affordable Housing.  You must reside in your home for ten years to satisfy the grant obligation.  If you don't, you may have to repay some or all of any grant you receive.