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Directory of NYC Housing Programs

Code Compliance Loan Program

The Code Compliance Loan Program provided financing to owners who were unable to obtain loans in the private market for buildings occupied by low-income tenants. The program provided $7,500 per unit at a one-percent interest rate to landlords. However, the loans could only be used for replacing a single major operating system, such as updating the boiler system, or removing existing code violations.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Small Scale (between 1 and 999 units)
  • Timeframe: 1999 - 2001
  • Occupancy tenure: Rental
  • Construction Type: Rehabilitation
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Income Restrictions: Low-income

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