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Directory of NYC Housing Programs

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Housing Asset Renewal Program

Program (?) Housing Asset Renewal Program
Abbreviation HARP
Program Description

The Housing Asset Renewal Program (HARP) is a pilot program that provides funding to convert unsold condominiums, market-rate rental buildings, and stalled construction sites into affordable housing for households with incomes up to 165 percent of AMI. HARP is a response to the downturn of the real estate market and the inventory of incomplete, partially occupied or vacant residential developments. Eligible buildings are those where the owner is unable to complete construction, or to sell or rent a sufficient number of units to meet private lending requirements.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Grant
Government Agency (?) NYC Dept of Housing Preservation and Development
Program Information (?)  
Scale Small Scale (between 1 and 999 units produced)
Timeframe 2010-Present
Developer/Owners (?) For-Profit, Non-Profit
Property Information (?)  
Property Occupancy Vacant
Property Type Building
Building Type Multi-family
Construction Type Rehabilitation
Occupant Tenure (?) Rental, Homeownership
Occupant Income Restrictions (?) Middle-Income
More Information NYC HPD
Available on CoreData.nyc? Yes
Last Updated December 2016
Data Source New York City Department of Housing Preservation and Development
CoreData.nyc Notes

Data from New York City Department of Housing Preservation and Development accessed November 2016.

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