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Directory of NYC Housing Programs

Neighborhood Construction Program (NCP)

The Neighborhood Construction Program (NCP) funds the new construction of infill rental housing with up to 45 units affordable to low-, moderate-, and middle-income households earning up to 165 percent Area Median Income (AMI). Sponsors may apply to the program to develop privately-owned properties or they may be selected through a Request for Qualifications (RFQ) process to purchase City-owned sites. For City-owned sites, disposition will be for $1 per lot and developers will deliver an enforcement note and mortgage equal to the land’s appraised value (“Land Debt”).  In order to be eligible for HPD-issued Capital funds, it is required that a borrower be a Housing Development Fund Corporation (HDFC) either alone or in partnership with for-profit developers, limited partnerships, corporations, trusts, joint ventures, or limited liability companies.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Medium Scale (between 1,000 and 4,999 units)
  • Timeframe: 2016 - Present
  • Occupancy tenure: Rental
  • Construction Type: New Construction
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Geographic Restrictions: Vacant Land
  • Income Restrictions: Low-income, Moderate-income, Middle-income

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