Land and Financing

• 50/30/20 Mixed-Income Program

  The 50/30/20 Mixed-Income Program combines a first mortgage (funded with proceeds from the sale of variable or fixed rate tax-exempt bonds) with a second mortgage (funded with New York City Housing Development...

• 501(c)(3) Bond Financing (Projects Under Regulation)

  The 501(c)(3) Bond Financing program makes the proceeds of tax-exempt bonds available to federally eligible 501(c)(3) non-profit organizations for the new construction, rehabilitation, or preservation of existing...

• 7A Management Program

  Under the 7A Management Program (7A), the Housing Part of the Civil Court of the City of New York appoints non-profit or for-profit administrators to operate privately-owned buildings that have been abandoned by...

• 80/20 Program (Projects Under Regulation)

  In the 80/20 Program, the Housing Finance Agency (HFA) offers tax-exempt financing to multi-family rental developments in which at least 20 percent of the units are set aside for very low-income residents, using...

• Access to Home

  The Access to Home program (ACCS) provides financial assistance to property owners to make dwelling units accessible for low- and moderate-income persons with disabilities. Providing assistance with the cost of...

• Affordable Cooperative Housing Program (Projects Under Regulation)

  The Affordable Cooperative Housing Program was funded by taxable bonds financed under the Housing Development Corporation (HDC) Multi-Family Secured Mortgage Revenue Bonds Resolution. HDC financed the development of...

• Affordable Home Ownership Development

  Through the Affordable Home Ownership Development program (AHOD), the New York State Affordable Housing Corporation (AHC) administers grants to governmental, non-profit and charitable groups to build, acquire and...

• Affordable Housing Permanent Loan Program

  The Affordable Housing Permanent Loan Program (AHPLP) provided financing from a pool of Housing Development Corporation (HDC) funds intended to make small, permanent, below-market rate first mortgage loans on...

• Affordable Housing Program

  Under the Federal Home Loan Bank Act, the specified uses of the Affordable Housing Program (AHP) funds are to finance the purchase, construction, or rehabilitation of owner-occupied housing for low- or...

• Affordable Neighborhood Cooperative Program

  The Affordable Neighborhood Cooperative Program (ANCP) selects qualified developers to rehabilitate distressed city-owned, occupied multi-family properties, managed by the Tenant Interim Lease Program, in order to...

• All Affordable Housing Program (Unavailable)

  Under the All Affordable Housing Program (ALL), tax-exempt, taxable, and 501(c)(3) bond proceeds may be used to finance new construction of multi-family rental housing. The proceeds may also be used for the...

• Alliance for Neighborhood Commerce, Homeownership, and Revitalization (Projects Under Regulation)

  The Alliance for Neighborhood Commerce, Homeownership, and Revitalization program (ANCHOR) is a neighborhood revitalization initiative that has created over 300,000 square feet of new commercial and retail space and...

• Article IV Limited Dividend Company (Unavailable)

  Article IV of the New York State Limited Dividend Company Act, authorized in 1927 subsidized, 22 owner-occupied middle-income developments with an additional 10,000 apartments. This precursor to the

  Assets for Independence (Unavailable)

  Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within through...

• Basement Conversion Program

  The Basement Conversion Program is a three-year demonstration program to facilitate the creation and renovation of apartments in the basements and cellars of certain one- and two-family homes in Brooklyn. The City...

• Bradhurst Urban Renewal Area (Projects Under Regulation)

  The Bradhurst Urban Renewal Plan focused on encouraging mixed-use development on city-owned land and in city-owned buildings, both vacant and occupied, acquired through tax foreclosure or urban renewal. The...

• Brooklyn Ecumenical Cooperatives (Unavailable)

  Brooklyn Ecumenical Cooperatives (BEC) was an organization of 38 Roman Catholic and Protestant churches that worked to rehabilitate existing apartment buildings for low- and moderate-income households along...

• Capital Budget Homeless Housing Program (Projects Under Regulation)

  The Capital Budget Homeless Housing Program (CBHHP) supported the conversion of city-owned buildings into housing for homeless individuals and families requiring support services. Funding came from the New York City...

• Capital Fund Program

  The Office of Capital Improvements at U.S. Department of Housing and Urban Development (HUD) administers the Capital Fund Program (CFP), which provides funds annually via a formula to public housing agencies (PHAs)...

• Chinatown/Lower East Side Acquisition Program (Projects Under Regulation)

  The Chinatown/Lower East Side Acquisition Program provided assistance to pre-qualified non-profit organizations to preserve the affordability of housing in the Chinatown and Lower East Side neighborhoods. To qualify,...

• CityHome (Unavailable)

  CityHome was an effort to encourage homeownership that was originally managed by the City’s Department of Housing Preservation and Development (HPD) but was subsequently administered by Enterprise Community...

• Code Compliance Loan Program (Unavailable)

  The Code Compliance Loan Program provided financing to owners who were unable to obtain loans in the private market for buildings occupied by low-income tenants. The program provided $7,500 per unit at a one-percent...

• Community Development Block Grant

  The Community Development Block Grant (CDBG) program is a federal grant distributed to localities to fund neighborhood redevelopment, economic development, and community services. Eligible uses include acquisition,...

• Community Management Program (Projects Under Regulation)

  Created by the New York City Department of Housing Preservation and Development (HPD), the Community Management Program (CMP) allowed locally based non-profit groups, known as community management groups, to manage...

• Community Restoration Fund (City)

  The Community Restoration Fund Program was established by New York City’s Department of Housing Preservation and Development (HPD) and non-profit partners to facilitate the acquisition of distressed community...

• Community Restoration Fund (State)

  The State of New York Mortgage Agency (SONYMA) Community Restoration Fund is part of New York State Office of Homes and Community Renewal’s (HCR) response to the foreclosure crisis of 2008. The program acquires...

• Construction Management Program (Unavailable)

  New York City Department of Housing Preservation and Development (HPD) created the Construction Management Program to engage the expertise of private construction management firms to renovate and sell large...

• Continuum of Care

  The Continuum of Care Program (CoC) is designed to assist individuals (including unaccompanied youth) and families experiencing homelessness and to provide the services needed to help such individuals move into...

• Cornerstone Program (Projects Under Regulation)

  The Cornerstone Program was established in 2000 to promote multi-family development for both rental and homeownership. The Cornerstone program offers developers the opportunity to bid on the opportunity to build...

• Development Services Program (Unavailable)

  The Development Services Program was created in 1987 to provide loans through the NYC Housing Development Corporation (HDC) to government agencies, including the NYC Department of Housing Preservation (HPD) and...

• Dime Auction Sales Program (Unavailable)

  The Dime Auction Sales Program consisted of a public-private partnership between Dime Savings Bank and New York City Housing Preservation and Development (HPD). The program provided financing to rehabilitate vacant,...

• Edgemere Urban Renewal Area (Projects Under Regulation)

  The Edgemere Urban Renewal Area, located in Rockaway, Queens, is bounded by Conch Basin, Beach Channel Drive, and Norton Basin on the north, Beach 35th Street on the east, Beach Channel Drive, Rockaway Beach...

• Emergency Solutions Grants

  The Emergency Solutions Grants (ESG) program, formerly the Emergency Shelter Grants Program, is designed to be the first step in a continuum of assistance to prevent homelessness and to enable homeless individuals...

• Extremely Low- & Low-income Affordability

  The Extremely Low- & Low-income Affordability Program (ELLA) funds the new construction of low-income multi-family rental projects affordable to households earning a range of incomes from 30-60 percent of Area...

• Family Self-Sufficiency Program

  Family Self-Sufficiency (FSS) is a program that enables HUD-assisted families to increase their earned income and reduce their dependence on welfare assistance and rental subsidies. Public Housing Agencies (PHAs)...

• Federal Housing Administration Mortgage Insurance Programs

  The U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) offers a suite of mortgage insurance and loans for homeowners made by FHA-approved lenders throughout the United...

• Federal Housing Administration Mortgage Insurance Programs (Inactive) (Unavailable)

  The U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) offers a suite of mortgage insurance and loans for homeowners made by FHA-approved lenders throughout the United...

• Gateway Estates (Projects Under Regulation)

  Gateway Estates is a 227-acre neighborhood near Spring Creek in East New York, Brooklyn. As a large scale development of city-owned vacant land, Gateway Estates pulled from several financing sources to develop...

• Good Neighbor Next Door Sales Program

  Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through the U.S. Department...

• Home Equity Conversion Mortgages for Seniors

  The Home Equity Conversion Mortgages for Seniors (HECM) is the Federal Housing Administration’s (FHA) reverse mortgage program that enables to withdraw a portion of one’s’ home equity and is the...

• HOME Investment Partnership

  Created under the Cranston-Gonzalez National Affordable Housing Act, the HOME Investment Partnership Program provides funds to finance activities that build, buy, and rehabilitate affordable housing for rental or...

• HomeFirst Down Payment Assistance

  The HomeFirst Down Payment Assistance Program promotes the acquisition of privately owned one- to four-family homes, cooperatives, and condominiums for owner-occupancy within the five boroughs of New York City by...

• Homeless Housing and Assistance Program

  The Homeless Housing and Assistance Program (HHAP) provides capital grants and loans to non-profit corporations, charitable and religious organizations, municipalities, and public corporations to acquire, construct,...

• Homeownership and Opportunity for People Everywhere Programs (Unavailable)

  Homeownership and Opportunity for People Everywhere (HOPE I): This program provided...

• Homeownership and Opportunity for People Everywhere VI (Unavailable)

  HOPE VI provided Public Housing Authorities (PHA) with grants for planning and implementation aimed at the comprehensive revitalization of severely distressed public housing developments. Permitted activities under...

• Homes for Working Families

  Homes for Working Families (HWF) may be used for high priority projects to supplement maximum awards under the New Construction Program (NCP). Projects may apply for HWF funding only in conjunction with this funding...

• HomeWorks (Unavailable)

  Under HomeWorks small, vacant City-owned buildings were completely rehabilitated by experienced builders to create one- to four- family homes for sale to individual homebuyers at market prices. There were mostly no...

• House-NY (Unavailable)

  The House-NY fund provides affordable housing developers access to capital needed in a short time frame for shovel-ready projects. The fund assists municipalities through experienced local non-profit organizations to...

• Housing Asset Renewal Program (Unavailable)

  The Housing Asset Renewal Program (HARP) was a pilot program that provided funding to convert unsold condominiums, market-rate rental buildings, and stalled construction sites into affordable housing for households...

• Housing Development Action Grants (Unavailable)

  The Housing Development Action Grant (HODAG) program – sponsored by Senators Christopher Dodd (D-CT) and Charles Schumer (D-NY) – was a federal program that replaced 15 years of rental subsidies with a one-time,...

• Housing Development Fund

  The Housing Development Fund (HDF) is a revolving loan fund program that provides interest-free interim loans to non-profit organizations to develop low-income housing projects. HDF loans last three years; eligible...

• Housing Opportunities for People with AIDS

  The Housing Opportunities for People with AIDS (HOPWA) program, with funds from U.S. Department of Housing and Urban Development (HUD), helps grantees provide housing assistance and related supportive services to...

• Housing+

  In partnership with the owners of current HUD-assisted properties, Mitchell-Lamas, and developments financed through past City disposition programs, the City is launching Housing+, an initiative designed to add...

• Landlord One Loan Program (Unavailable)

  The Landlord One Loan Program was sponsored by New York State Housing Finance Agency (HFA) and administered by Neighborhood Housing Services of New York City. It offered low-interest rate loans to owners of...

• Lead Hazard Reduction and Healthy Homes - Primary Prevention Program

  The Lead Hazard Reduction and Healthy Homes - Primary Prevention Program (PPP), a joint initiative between the NYC Department of Housing Preservation and Development (HPD) and the NYC Department of Health and Mental...

• Liberty Bond Program (Unavailable)

  The Liberty Bond Program consisted of a finite amount of tax-exempt private activity bonds, authorized by the federal government, that were implemented in Lower Manhattan through a collaborative effort between New...

• Low Income Program (Projects Under Regulation)

  The Low Income new construction program provides additional subsidy towards the financing of new construction of low-income multi-family rental projects. Construction and permanent financing are provided by private...

• Low-Income Affordable Marketplace Program (Projects Under Regulation)

  The Low-Income Affordable Marketplace Program (LAMP) provides low-cost financing for affordable rental housing reserved for people earning a maximum income of up to 60 percent of Area Median Income (AMI). Loans are...

• Low-Income Housing Tax Credit Preservation Program

  The Low-Income Housing Tax Credit Preservation Program (Year 15) is available to city-assisted tax credit properties originally developed through New York City’s Department of Housing Preservation and...

• Lower East Side Cross Subsidy (Projects Under Regulation)

  The Lower East Side Cross Subsidy program was the product of an agreement between New York City’s Department of Housing Preservation and Development (HPD) and Manhattan Community Board 3. In order to maintain...

• Making Home Affordable

  Through the Making Home Affordable (MHA) program, the U.S. Department of Housing and Urban Development (HUD) offer homeowners several foreclosure alternatives that can help lower their monthly mortgage payments and...

• Making Home Affordable (Inactive) (Projects Under Regulation)

  Through Making Home Affordable (MHA) program, the U.S. Department of Housing and Urban Development (HUD) offer homeowners several foreclosure alternatives that can help lower their monthly mortgage payments and...

• Middle Income Housing Program

  The Middle Income Housing Program (MHIP) provides supplemental funding to developments that include a component of units that will be occupied by households earning up to 130 percent of Area Median Income (AMI)....

• Mitchell-Lama (Projects Under Regulation)

  The Mitchell-Lama program has subsidized the construction of 269 developments, with over 105,000 apartments for middle-income households. In exchange for low-interest mortgage loans and real property tax exemptions,...

• Mitchell-Lama Rehabilitation and Preservation Program

  The New York State Housing Finance Agency’s (HFA) Mitchell-Lama Rehabilitation and Preservation Program (RAP) offers low-cost financing to

  Mitchell-Lama Reinvestment Program

  The Mitchell-Lama Reinvestment Program (MLRP), formerly the Mitchell-Lama Mortgage Restructuring Program, offers some Mitchell-Lama owners...

• Mitchell-Lama Repair Loan Program

  The Mitchell-Lama Repair Loan Program is an effort to preserve Mitchell-Lama housing by offering a loan to project-owners to make needed...

• Mixed Income Program: Mix & Match

  The Mixed Income Program: Mix & Match funds the new construction of mixed-income multi-family rental projects in which 50 percent of the units are at low-income rents affordable to households earning up to 60...

• Mixed Income Rental Program (Projects Under Regulation)

  The Mixed Income Rental Program provides subsidies to rental housing affordable to households earning up to 60 percent of Area Median Income (AMI). Twenty percent of the units must either serve formerly-homeless...

• Mixed Middle Income Program

  The Mixed Middle Income program (M2) funds the new construction of multi-family rental housing affordable to low-, moderate-, and middle-income families with annual incomes of up to 165 percent of the Area Median...

• Mortgage Interest Deduction

  The Mortgage Interest Deduction program is an itemized deduction on the federal income tax for a household that owns at least one home. The program acts as a subsidy to individual homeowners, as it reduces the amount...

• Multi-family Housing Preservation (Federal)

  The U.S. Department of Housing and Urban Development (HUD) Multifamily Program leverages public resources and private sector financing to rehabilitate, recapitalize and preserve privately-owned HUD assisted rental...

• Multifamily Disposition and Finance Programs

  The Multifamily Disposition and Finance Programs encompasses the New York City Department of Housing Preservation and Development’s (HPD) Third Party Transfer Program (TPT) and Multifamily Preservation Loan...

• Multifamily Housing Rehabilitation Program (City)

  The Multifamily Housing Rehabilitation Loan Program (HRP) provides rehabilitation loans to help owners undertake improvements to existing multi-family buildings. Eligible rehabilitation includes the upgrading or...

• Multifamily Preservation Program (State)

  The Multifamily Preservation Program (MPP) provides financing for the preservation and improvement of rental properties located throughout New York State. Financing is only available for substantial rehabilitation or...

• Multifamily Water Assistance Program for Affordable Housing

  The Multifamily Water Assistance Program for Affordable Housing is offered by the New York City Department of Environmental Protection (DEP), in conjunction with the New York City Department of Housing Preservation...

• Municipal Assistance Corporation Program (Unavailable)

  The New York City Housing Development Corporation (HDC) created the Municipal Assistance Corporation program (MAC) with $100 million of surplus revenue generated by the Municipal Assistance Corporation, a state...

• Municipal Loan Program (Unavailable)

  The Municipal Loan Program provided low-cost public loans to qualifying properties in order to rehabilitate buildings. Funded with bond proceeds, the program permitted the city to make mortgage loans to owners of...

• Mutual Housing Association of New York

  The Mutual Housing Association of New York program (MHANY) began as a response to squatters that occupied vacant, city-owned sites in the East New York neighborhood of Brooklyn. New York City’s Department of...

• National Housing Trust Fund

  The National Housing Trust Fund (NHTF) is an affordable housing production program that complements existing Federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary...

• Nehemiah Program

  Under the Nehemiah Program, the New York City Department of Housing Preservation and Development (HPD) supports the construction of homes in the East New York and Brownsville sections of Brooklyn developed by East...

• Neighborhood Builders Program (Unavailable)

  Neighborhood Builders Program was an offshoot of the Partnerships New Homes Program. It had the same type of new construction requirements: one- to three-family homes, cooperatives, and condominiums. Under the...

• Neighborhood Construction Program

  The Neighborhood Construction Program (NCP) funds the new construction of infill rental housing with up to 45 units affordable to low-, moderate-, and middle-income households earning up to 165 percent Area Median...

• Neighborhood Entrepreneurs Program (Unavailable)

  The Neighborhood Entrepreneurs Program (NEP) enabled neighborhood-based private property managers to own and manage clusters of occupied and vacant City-owned buildings. By focusing on small, locally-based...

• Neighborhood Homes Program (Unavailable)

  The Neighborhood Homes (NH) program transferred occupied city-owned one- to four-family residential buildings to selected community-based sponsors for rehabilitation and eventual sale to owner-occupants. Non-profit...

• Neighborhood Ownership Works (Unavailable)

  Neighborhood Ownership Works (NOW) conveyed clusters of occupied and vacant city-owned buildings throughout New York City to selected community-based, non-profit organizations for rehabilitation and operation as...

• Neighborhood Pillars

  The Multifamily Disposition and Finance Programs encompasses the New York City Department of Housing Preservation and Development’s (HPD) Third Party Transfer Program (TPT) and

  Neighborhood Preservation Program

  Through the Neighborhood Preservation Program (NPP), the New York State Homes and Community Renewal (HCR) provides financial support for non-profit community-based housing corporations, called Preservation Companies,...

• Neighborhood Redevelopment Program (Unavailable)

  The Neighborhood Redevelopment Program (NRP) conveyed clusters of occupied and vacant City-owned buildings throughout the city to selected community based non-profit organizations for rehabilitation and operation as...

• Neighborhood Revitalization Program

  The Neighborhood Revitalization Program (NRP) offers incentives to potential buyers who wish to purchase vacant properties in eligible communities. These communities were selected because they were hard hit by the...

• Neighborhood Stabilization Program (Unavailable)

  Neighborhood Stabilization Program (NSP) was a formula-allocated grant authorized by Congress under the Housing and Economic Recovery Act of 2008 (HERA). Eligible recipients included state and local...

• New Construction Program

  New Construction Program (NCP), also known as the New Construction Capital Program, provides subordinate financing for the new construction or adaptive reuse of rental housing affordable to households that may...

• New Foundations Program (Unavailable)

  The New Foundations Program was a streamlined homeownership program from the New York City Department of Housing Preservation and Development (HPD) to develop infill sites in neighborhoods that lacked home ownership...

• New Housing Opportunities Program

  New Housing Opportunities (New HOP) provides below-market mortgages to developers for construction of moderate-income rental housing. Financing is made available through the proceeds of taxable bonds, as well as...

• New Infill Homeownership Opportunities Program

  The New Infill Homeownership Opportunities Program (NIHOP) promotes the construction of new homes affordable to New York City’s workforce community. NIHOP seeks to promote mixed-income communities with...

• New Markets Tax Credit

  The New Market Tax Credit (NMTC) program targets areas of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies. The NMTC Program attracts private capital into...

• New Neighbors Program (Unavailable)

  The Neighborhood Housing Services (NHS) Housing Development Fund Corporation purchased infill in-rem sites and constructed 15 two-family homes in the South Bronx in order to provide homeownership opportunities to...

• New Partners Program (Unavailable)

  The New Partners Program (NPP) provided financing to renovate small buildings with existing ground floor commercial tenants, where a portion of the residential space above was vacant. New York City’s Department...

• New York City 15/15 Supportive Housing Initiative

  The New York City 15/15 Supportive Housing Initiative aims to fund and develop 15,000 new units of supportive housing in New York City over the next 15 years. This far reaching and comprehensive initiative targets...

• New York City Acquisition Fund

  The New York City Acquisition Loan Fund (AF) provides both non-profit and for-profit affordable housing developers with early financial resources to acquire property and to cover pre-development costs. The City of...

• New York City Housing Trust Fund (Projects Under Regulation)

  The New York City Housing Trust Fund (NYC HTF) provided a flexible subsidy to non-profit and for-profit developers to build or substantially rehabilitate multi-family apartments. Subsidies were provided in the form...

• New York Housing Trust Fund (State)

  The New York Housing Trust Fund (NY HTF) program provides funding in the form of grants to eligible applicants to construct low-income housing, rehabilitate vacant or distressed or underutilized residential property,...

• New York/New York Agreements (Projects Under Regulation)

  The New York/New York (NY/NY) agreements were a joint City and State program to enhance the supply of supportive housing in New York City. The program included three agreements with slight variations:

  Nursing Home Transition and Diversion Housing Subsidy

  The Nursing Home Transition and Diversion Housing Subsidy (NHTD) program provides alternatives to nursing home placement for seniors and disabled adults. The goal of the program is to provide low-income individuals...

• NYCHA - Mixed Financing

  In an effort to rehabilitate underutilized New York City Housing Authority (NYCHA) properties, the New York City Department of Housing Preservation and Development (HPD) partners with NYCHA to develop vacant NYCHA...

• NYCHA 2.0

  In 2018 the New York City Housing Authority (NYCHA) launched three programs, Build to Preserve, Transfer to Preserve, and Fix to Preserve, as part of their strategic plan to improve existing conditions and plan for...

• NYPD Home (Unavailable)

  NYPD Home was an employer-assisted housing program administered by the New York Department of Housing Preservation and Development (HPD). Uniformed members of the New York City Police Department (NYPD) who...

• NYS HOME Local Program

  The New York State Home Local (NYS HOME) program is administered by the New York State Housing Trust Fund Corporation (NYS HTFC). The program uses federal HOME Investment Partnership Program funds to expand the...

• One Dollar Lot Sales

  The City of New York has a tradition of selling unused property for one dollar to incentivize development, encourage nonprofit developers to apply for the lots, and free the city of maintenance costs....

• Open Door

  The New York City Department of Housing Preservation and Development’s (HPD) Open Door program funds the new construction of cooperative and condominium buildings affordable to moderate- and middle-income...

• Opportunity Zones

  New York State is participating in the new Opportunity Zone community development program, offered through the Tax Cuts and Job Acts of 2017. An Opportunity Zone is a low-income census tract with an individual...

• Participation Loan Program

  New York City’s Participation Loan Program (PLP), started in 1978, provides low-interest loans and tax exemptions to multi-family building owners to facilitate the moderate or substantial rehabilitation and...

• Partnership New Homes Program (Unavailable)

  Partnership New Homes was based on a collaboration between New York City’s Department of Housing Preservation and Development (HPD), the State of New York and the Housing Partnership Development Corporation and...

• Permanent Housing for Homeless Families (Projects Under Regulation)

  The Permanent Housing for Homeless Families Program (PHHP) was a joint city/state program funded by capital contributions of $85 million from each source; hence its nickname “85/85.” Fifty-one percent of the...

• Preservation Program

  The New York City Housing Development Corporation’s (HDC) Preservation Program provides tax-exempt, first-position bond financing, which brings as-of-right 4 percent Federal

  Private Owners and Management Program (Unavailable)

  Under the Private Owners and Management Program (POMP), New York City’s Department of Housing Preservation and Development (HPD) provided landlords who already managed a minimum of 100 units the opportunity to...

• Public Housing

  Public Housing (PH) is constructed, owned, and operated by a public agency. The New York City Housing Authority (NYCHA) owns and manages public housing units, which are currently funded with project-based subsidies...

• Public Housing Modernization Program (Unavailable)

  The Public Housing Modernization Program (PHMP) funded several state-run public housing developments, which were recently federalized in order to access new capital sources. Between 1989 and 2010, grants were...

• Rental Assistance Demonstration

  The Rental Assistance Demonstration (RAD) was created in order to give Public Housing Authorities (PHAs) a powerful tool to preserve and improve public housing properties and address the $26 billion dollar nationwide...

• Residential Emergency Services to Offer (Home) Repairs to the Elderly

  Residential Emergency Services to Offer (Home) Repairs to the Elderly (RESTORE) provides assistance to low-income senior homeowners. RESTORE funds may be used to pay for the cost of emergency repairs that eliminate...

• Saratoga Square Urban Renewal Area (Projects Under Regulation)

  Saratoga Square is an urban renewal area located on the border of Bedford-Stuyvesant and Brownsville, Brooklyn. Initially under the Saratoga Square Urban Renewal Plan, developers were to build 376 two-family,...

• Second Mortgage Subsidy Loans

  Second Mortgage Subsidy Loans are available to developers receiving construction or permanent financing from the New York State Housing Finance Agency (HFA). Subsidy Loans are subordinate, low-interest rate loans...

• Section 202 Supportive Housing for the Elderly

  Through the Section 202 Preservation Program, tax-exempt bond financing is used to refinance (at lower interest rates) the original U.S. Department of Housing and Urban Development (HUD) mortgages issued for...

• Section 312 Rehabilitation Loan Program (Unavailable)

  The Section 312 Rehabilitation Loan Program encouraged rehabilitation of one- to four-unit private properties. The Government National Mortgage Association (Ginnie Mae) agreed to purchase loans originated by lenders...

• Section 811 Supportive Housing for Persons with Disabilities

  Through the Section 811 Supportive Housing for Persons with Disabilities program, the U.S. Department of Housing and Urban Development (HUD) funds development and rental housing subsidies with the availability of...

• Secured Loan Rental Housing Program (Unavailable)

  Under the Secured Loan Rental Housing Program (SLRHP), the New York State Housing Finance Agency (HFA) promoted the construction, acquisition, or rehabilitation of multi-family rental housing developments by lending...

• Self-Help Homeownership Opportunity Program

  The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional non-profit organizations and consortia to purchase home sites and develop or improve the infrastructure...

• Senior Affordable Rental Apartments

  Senior Affordable Rental Apartments program (SARA) provides gap financing in the form of low interest loans to support the construction and renovation of affordable housing for seniors, 62 years in age and older,...

• Senior Citizen Home Assistance Program

  In partnership with the Parodneck Foundation, the Senior Citizen Home Assistance Program (SCHAP) assists low- and moderate-income seniors in making necessary home repairs. A maximum of $40,000 is available for...

• Senior Housing Program

  Through the Senior Housing Program, New York State Homes and Community Renewal (HCR) provides financing to develop new multi-family rental housing so that New York State’s low-income seniors may age in place...

• Small Building Rehabilitation and Sales Program (Unavailable)

  The Small Building Rehabilitation and Sales Program combined small buildings in close proximity to one another into one site, and then offered sites to developers through an Request for Proposals (RFP) process. The...

• Small Buildings Loan Program (Unavailable)

  The Small Buildings Loan Program provided loans for the moderate to gut rehabilitation of buildings containing between 1 and 20 units. Properties must have been at least 50 percent residential and privately owned....

• Small Homes Improvement Program (Unavailable)

  In 1975, the City Planning Commission approved the Small Homes Improvement Program (SHIP) to rehabilitate unoccupied buildings into one- to four-unit residential buildings. Local non-profit organizations developed...

• Small Owner Repair Program (Unavailable)

  The New York City Department of Housing Preservation and Development’s (HPD) Small Owner Repair Program (SORP) provided funding for limited systems replacement and other repairs in privately-owned multi-family...

• Small Projects Program

  The Small Projects Program (SPP) provides a 30-year, zero-percent interest balloon mortgage to residential projects of 15 units or less that are not financed with state or federal

  Small Rental Development Initiative

  The Small Rental Development Initiative (SRDI) supports the creation and preservation of single-family housing with one to four units and small rental developments of fewer than 25 apartments. SRDI funds were made...

• Special Initiatives Program (Projects Under Regulation)

  The Special Initiatives Program (SIP) was a turnkey program to develop vacant city-owned property where either New York City Department of Housing Preservation and Development (HPD) or the New York City Housing...

• State Homebuying and Rehabilitation Financing Programs

  The State of New York Mortgage Agency (SONYMA) partners with approved participating mortgage lenders across the state to offer 30-year, competitive, fixed-rate mortgages with special features and downpayment...

• StoreWorks (Unavailable)

  Established in 1997, StoreWorks funded the rehabilitation of small, vacant, mixed-use buildings owned by New York City and restored them to private ownership and active use. Rehabilitation of these buildings created...

• Supportive Housing Loan Program

  The Supportive Housing Loan Program (SHLP) provides financing (up to $90,000 per unit) to non-profit organizations to develop supportive housing for homeless single adults, including but not limited to people with...

• Supportive Housing Opportunity Program

  The Supportive Housing Opportunity Program (SHOP) provides subordinate financing for the new construction of or the adaptive reuse of a non-residential property to affordable supportive housing with on-site social...

• Sustainable Neighborhood Bonds

  In 2015, the New York City Housing Development Corporation (HDC) introduced Sustainable Neighborhood Bonds, a new category of social investment bonds and the first for affordable housing in the United States. HDC...

• Sweat Equity (City) (Unavailable)

  The Sweat Equity program began as a response to the City’s budget crisis in the 1970s, its ownership of a massive stock of in-rem housing, a growing demand for low-income housing, and resident-led initiatives...

• Sweat Equity (State) (Projects Under Regulation)

  Sweat Equity was overseen by the non-profit organization Habitat for Humanity and worked in partnership with New York State Homes and Community Renewal’s (HCR) Mortgage Agency (SONYMA). SONYMA provides a two...

• Tax Credit Assistance Program (Unavailable)

  The Tax Credit Assistance Program (TCAP) was funded with a pool of federal funding distributed to New York State under the federal American Recovery and Reinvestment Act of 2009 (ARRA). New York’s portion of...

• Taxable Mortgage Initiative (Projects Under Regulation)

  The Taxable Mortgage Initiative (TMI) reduces the time, cost, and complexity of taxable, first mortgage debt financing by eliminating the need to issue taxable bonds to finance affordable housing. Instead of issuing...

• Tenant Interim Lease Program (Projects Under Regulation)

  The Tenant Interim Lease (TIL) program provides renters that live in City-owned buildings the opportunity to own those units as a cooperative. Existing tenants of buildings that participate in the program are...

• Tenant Ownership Program (Unavailable)

  The Tenant Ownership Program (TOP) sold one- to five-unit properties (one- to two-unit properties at program inception) that were owned by the City to tenants of those properties. New York City created TOP to...

• Urban Homestead Program (Unavailable)

  As a response to “squatting,” where residents that illegally inhabited vacant buildings helped to revive neighborhoods, the Urban Homestead Program (UHP) granted up to $10,000 per unit to tenants willing...

• Urban Initiatives (Unavailable)

  The Urban Initiatives (UI) program provided financial and technical resources to New York communities for the restoration and improvement of housing, commercial areas, and public community facilities in urban...

• VA Home Loans

  VA Home Loans are provided by private lenders, such as banks and mortgage companies. The Department of Veterans Affairs (VA) guarantees a portion of the loan, enabling the lender to provide veterans with more...

• Vacant Building Program (Projects Under Regulation)

  The Vacant Building Program allowed the city to transfer the title of vacant city-owned buildings in clusters to private developers using a competitive process. Developers then received construction financing and...

• Weatherization Assistance Program

  The Weatherization Assistance Program (WAP) assists households with incomes at or below 60 percent of the state median income by reducing their heating and cooling costs through a variety of energy efficiency...

• Williamsburg Cross Subsidy Fund (Unavailable)

  Williamsburg Cross Subsidy Fund was initiated as a response to scarce land and a lack of affordable housing in the Williamsburg neighborhood of Brooklyn. The program was meant to gut rehabilitate vacant, badly...

• Youth Employment Program (Unavailable)

  The Youth Employment Program (YEP) was a joint program between the New York City Department of Housing Preservation and Development (HPD) and the Department of Employment. It funded local non-profits to train...