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7A Management Program

Program (?) 7A Management Program
Alternative Name(s) 7A Financial Assistance
Abbreviation 7A
Program Description

Under the 7A Management Program, 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 their owners. A 7A administrator might also be appointed against the will of the owner after the petition of 1/3 of the tenants in the building, or if HPD asks the courts to appoint an administrator due to numerous housing code violations. After appointment, the administrator takes control of the building. Administrators act under court order to collect rents and may use the money to make necessary repairs. Administrators must be housing organizations that have been in business three years or more, manage at least 200 units, and are free of major housing code violations in buildings they own or operate. Currently, 30 pre-qualified 7A Management administrators, split roughly between non-profit and for-profit entities, provide services under the program. In some 7A buildings, HPD offers a limited amount of 7A Financial Assistance (7AFA) to repair or replace major systems or make other repairs.

Benefit Classification (?)  
Supply or Demand Demand
One-Time or Ongoing Ongoing
Benefit Type (?) Financing
Government Agency (?) NYC Dept of Housing Preservation and Development
Program Information (?)  
Scale Large Scale (between 5,000 and 9,999 units produced)
Timeframe 1965-Present
Developer/Owners (?) For-Profit, Non-Profit, Government
Property Information (?)  
Building Type Multi-family
Construction Type Rehabilitation
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) No Restrictions
More Information NYC HPD
Available on CoreData.nyc? No

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