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CoreData.nyc

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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