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Directory of NYC Housing Programs

Neighborhood Ownership Works (NOW)

Neighborhood Ownership Works (NOW) conveyed clusters of occupied and vacant city-owned buildings throughout New York City to selected community-based, non-profit organizations for rehabilitation and operation as rental housing. The New York City Department of Housing Preservation and Development (HPD) maintained ownership of the properties during construction, which was financed through a combination of city and federal funds. After construction completion, HPD sold the properties to non-profit organizations. The structure of NOW is very similar to the Neighborhood Redevelopment Program (NRP), with the difference that under NOW, the gut rehabilitation of the city-owned buildings was performed while in city ownership. Under NRP, the rehabilitation was performed under private ownership.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Medium Scale (between 1,000 and 4,999 units)
  • Timeframe: 1994 - 1998
  • Occupancy tenure: Rental, Homeownership
  • Construction Type: Rehabilitation
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, Government
  • Income Restrictions: Low-income

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