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Directory of NYC Housing Programs

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Tenant Ownership Program

Program (?) Tenant Ownership Program
Abbreviation TOP
Program Description

The Tenant Ownership Program (TOP) sells one- to five-unit properties (one-two unit properties at program inception) that are owned by the city to tenants of those properties. New York City created TOP to transfer ownership and management of buildings out of its hands and into the hands of tenants. There are no income restrictions on the program. Properties are sold “as is” and HPD does not do any repairs to the building before the sale. The sales prices are based upon an appraisal of the property conducted by HPD.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Property
Government Agency (?) NYC Dept of Housing Preservation and Development
Program Information (?)  
Scale N/A
Timeframe 1984-Present
Developer/Owners (?) Tenant
Property Information (?)  
Property Occupancy Occupied
Property Type Building, City-Owned
Building Type Multi-family
Construction Type Rehabilitation
Occupant Tenure (?) Homeownership
Occupant Income Restrictions (?) No Restrictions
More Information NYC HPD
Available on CoreData.nyc? No

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