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Directory of NYC Housing Programs

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Mixed Income Program

Program (?) Mixed Income Program
Program Description

The Mixed Income Program funds the new construction of mixed-income, multi-family rental projects affordable to moderate-income households. The program offers three subsidy options. First, it will provide up to $40,000 per unit if at least 50 percent of units are made available to households earning less than 130 percent of AMI. Second, it will provide up to $75,000 per unit if at least 20 percent of the units are made available to households earning less than 80 percent of AMI, and the remainder are made available to households that earn under 100 percent of AMI. Finally, the program will provide up to $55,000 per unit if at least 20 percent of units are made available to households making less than 80 percent of AMI, while the remainder are affordable to households making less than 130 percent of AMI. In order to be eligible for funds, a borrower must be a HDFC either alone or in partnership with for-profit developers, limited partnerships, corporations, trusts, joint ventures, or limited liability companies. The loan term is generally 30 years, at a one-percent fixed interest rate.

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 Medium Scale (between 1,000 and 4,999 units produced)
Timeframe 2008-Present
Developer/Owners (?) For-Profit, Non-Profit
Property Information (?)  
Property Occupancy Vacant
Property Type Land
Building Type Multi-family
Construction Type New Construction
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) Low-Income, Moderate-Income
More Information NYC HPD
NYC HPD (PDF)
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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