NYU Furman Center Sign Up Facebook Twitter LinkedIn

Directory of NYC Housing Programs

501(c)(3) Bond Financing (501(c)(3))

The 501(c)(3) Bond Financing program makes the proceeds of tax-exempt bonds available to federally eligible 501(c)(3) non-profit organizations for the new construction, rehabilitation, or preservation of existing affordable multi-family rental housing projects. Eligible projects include those acquired from a non-profit owner or those acquired from another non-profit organization and should further the goal of maximizing benefits to low-, moderate-, and middle-income persons. Therefore, recipients of the bond financing are chosen based on how their activities demonstrate benefits to low-, moderate-, and middle-income residents. The program provides more flexibility than private activity bonds.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Medium Scale (between 1,000 and 4,999 units)
  • Timeframe: Started 1986
  • Occupancy tenure: Rental
  • Construction Type: New Construction, Rehabilitation
  • Building Type: Multi-family
  • Developers/Owners: Non-profit
  • Income Restrictions: Low-income, Moderate-income, Middle-income
  • Special Populations: Persons with Disabilities

More Resources

View all programs


Filter By