Directory of New York City Affordable Housing Programs

Program (?) Housing Development Action Grants
Alternative Name(s) Dodd-Schumer Program
Abbreviation HODAG
Program Description

The Housing Development Action Grant (HODAG) program-sponsored by Senators Christopher Dodd (D-CT) and Charles Schumer (D-NY)-was a federal program that replaced 15 years of rental subsidies with a one-time, up-front grant to developers designed to reduce debt-service costs, which in turn would reduce rents. Under the program, at least 20 percent of the units had to be set aside for low- and moderate-income households, and other incentives existed to set aside more. The rest of the units rented at the market rate. The HODAG program targeted areas with a tight housing market and a severe shortage of rental housing, and funds were competitively awarded. The units were to remain affordable for 20 years to households earning less than 80 percent of AMI.  Congress eliminated the program in 1990 as it attempted to reduce the costs of multiple housing programs.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Grant
Government Agency (?) US Dept of Housing and Urban Development
Program Information (?)  
Scale Small Scale (between 1 and 999 units produced)
Timeframe 1983-1990
Developer/Owners (?) For-Profit
Property Information (?)  
Property Occupancy Occupied, Vacant
Property Type Land, Building
Building Type Multi-family
Construction Type Rehabilitation, New Construction
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) Low-Income, Moderate-Income, No Restrictions
Other Targeting Information (?) Geographic Restrictions
More Information NY Times
NY Times

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