NYU Furman Center Feedback Sign Up Facebook Twitter LinkedIn
CoreData.nyc

Directory of NYC Housing Programs

Supportive Housing Opportunity Program (SHOP)

The Supportive Housing Opportunity Program (SHOP) provides subordinate financing for the new construction of or the adaptive reuse of a non-residential property to affordable supportive housing with on-site social services. Financing is only available for site-specific multi-family rental housing that will have first mortgages financed by tax exempt or taxable bonds issued by the New York State Housing Finance Agency (HFA). Service and operating awards are required for access to SHOP funds. Applications for awards are available through the Empire State Supportive Housing Initiative (ESSHI) or other local municipal agencies. Projects with ESSHI awards will have priority.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Supportive/Special Needs Housing
  • Scale: Medium Scale (between 1,000 and 4,999 units)
  • Timeframe: 2016 - Present
  • Occupancy tenure: Rental
  • Construction Type: New Construction, Non-residential Conversion
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Income Restrictions: At least 50 percent of units must be affordable to households with an annual income of up to 60 percent of Area Median Income (AMI).

More Resources

View all programs

Search

Filter By

Tags