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CoreData.nyc

Directory of NYC Housing Programs

Tenant Ownership Program (TOP)

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

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Small Scale (between 1 and 999 units)
  • Timeframe: Started 1984
  • Occupancy tenure: Homeownership
  • Construction Type: Rehabilitation
  • Building Type: Multi-family, One- to Four-family
  • Developers/Owners: Tenant

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