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Directory of NYC Housing Programs

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Code Compliance Loan Program

Program (?) Code Compliance Loan Program
Program Description

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 interest rate to landlords. However, the loans could only be used to replace a single major operating system, such as the boiler system, or to remove existing code violations.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Financing
Government Agency (?) NYC Dept of Housing Preservation and Development
Program Information (?)  
Scale Small Scale (between 1 and 999 units produced)
Timeframe 1999-2001
Developer/Owners (?) For-Profit, Non-Profit
Property Information (?)  
Property Occupancy Occupied
Property Type Building
Building Type Multi-family
Construction Type Rehabilitation
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) Low-Income
More Information NYC IBO
Available on CoreData.nyc? No

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