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Directory of NYC Housing Programs

NYPD Home

NYPD Home was an employer-assisted housing program administered by the New York Department of Housing Preservation and Development (HPD). Uniformed members of the New York City Police Department (NYPD) who successfully completed two-year probationary periods were eligible to receive 95 percent to 100 percent mortgage financing for primary homes purchased in New York City. Lenders also contribute up to $3,500 per loan in closing costs. The home could be a condominium, cooperative, or single-, two-, or three-family home.

After loan origination, the loan was sold to Fannie Mae if it met conforming loan limits. Low-cost mortgage insurance in the program was provided by the New York City Residential Mortgage Insurance Corporation (REMIC). In order to participate, every purchaser was required to participate in a homeownership counseling course, and a landlord-tenant education course, if applicable. Police officers with unsatisfactory credit profiles were eligible to participate in NYPD Home after successfully completing a credit counseling program arranged by a participating lender.

Program Information Help Icon

  • Supply/Demand: Demand
  • Category: Land and Financing
  • Scale: Small Scale (between 1 and 999 units)
  • Timeframe: Started 1999
  • Occupancy tenure: Homeownership
  • Building Type: Multi-family, One- to Four-family
  • Developers/Owners: Non-profit, For-profit
  • Special Populations: Uniformed Members of the NYC Police Department

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