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Directory of NYC Housing Programs

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Supportive Housing Loan Program

Program (?) Supportive Housing Loan Program
Abbreviation SHLP
Program Description

The Supportive Housing Loan Program (SHLP) provides financing (up to $90,000 per unit) to non-profit organizations to develop supportive housing for homeless single adults, including but not limited to people with mental illnesses, HIV/AIDS, and disabilities. Loans have a 30-year term and neither principal nor interest are repaid if the sponsor complies with the terms of a regulatory agreement requiring that the property be used for housing for low-income homeless tenants for 30 years. Projects may be new construction or rehabilitation, and on city-owned or privately-owned land. Acquisition costs up to the appraised value of the units are covered by the loan as well.

All tenants must be very low-income (under 60 percent of AMI) and 60 percent of the units must be rented to homeless persons previously residing in New York City’s emergency shelter system. Forty percent of the units can be rented to low-income seniors or community board residents.

Related Programs SRO Loan Program
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 Very Large Scale (over 10,000 units produced)
Timeframe 1988-Present
Developer/Owners (?) Non-Profit
Property Information (?)  
Property Occupancy Occupied, Vacant
Property Type Land, Building, City-Owned
Building Type Multi-family
Construction Type Rehabilitation, New Construction
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) Very Low-Income
Other Targeting Information (?)

Current and formerly homeless single adults

More Information NYC HPD
Available on CoreData.nyc? No

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