NYU Furman Center Feedback Sign Up Facebook Twitter LinkedIn
CoreData.nyc

Directory of NYC Housing Programs

CityHome

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 Partners (formerly the Enterprise Foundation) and the Community Preservation Corporation. Vacant city-owned buildings were completely rehabilitated to create one- to four-family homes for owner-occupants. The rehabilitated buildings with multiple units were sold to eligible owners who could use the income from the rental units to offset homeownership costs. The city provided a subsidy in the form of a second mortgage loan that evaporated over a 25-year period. The first mortgage loan was obtained from participating banks at market rates. Residents with a household income of $35,000-$90,000 (in 2010) were eligible for the program.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Medium Scale (between 1,000 and 4,999 units)
  • Timeframe: 1993 - 2000
  • Occupancy tenure: Homeownership
  • Construction Type: Rehabilitation
  • Building Type: One- to Four-family
  • Developers/Owners: Non-profit, Government
  • Income Restrictions: Low-income, Moderate-income

More Resources

View all programs

Search

Filter By

Tags