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Directory of NYC Housing Programs

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HIP Options Loans

Program (?) HIP Options Loans
Alternative Name(s) Home Improvement Loans; Neighborhood Housing Services Home Repair Loans
Abbreviation HIP-OP
Program Description

Through a partnership with Neighborhood Housing Services of New York City, HPD provides direct, low-interest home improvement loans to homeowners of one- to four-family homes. HIP Options Loans are made to homeowners who have been turned down for a city-sponsored Home Improvement Program loan due to their insufficient income or credit history.

For full description see: Neighborhood Housing Services Home Repair Loans

Related Programs Neighborhood Housing Services Home Repair Loans
Benefit Classification (?)  
Supply or Demand Demand
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 1990-2002
Developer/Owners (?) Owner-Occupant
Property Information (?)  
Property Occupancy Occupied
Property Type Building
Building Type One- to Four-family
Construction Type Rehabilitation
Occupant Tenure (?) Homeownership
Occupant Income Restrictions (?) No Restrictions
Available on CoreData.nyc? No

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