DHCD’s First Right Purchase Assistance Program provides seed money, earnest money deposits, and acquisition assistance to tenant groups that are threatened with displacement due to the sale of their apartment building. With DHCD’s assistance, the tenant groups are able to purchase the building and convert the units into cooperatives or condominiums. More than 1,000 units have been preserved as affordable housing since FY 2002. This program not only helps residents avoid displacement, but it helps them become homeowners.