HPD and HDC are inviting development teams to submit applications for the funding of affordable housing units in completed or partially constructed unoccupied residential buildings in New York City where, due to market or construction conditions, the owner is unable to complete construction or to sell or rent a sufficient number of units to meet private lending requirements and therefore construction or completion has been stalled. The funding available through this Notice of Funding Availability (NOFA) is intended to convert market-rate units to affordable units and enable the owner to complete construction and/or rent or sell units. Applicants can apply for funding to convert the developments into either affordable rental housing or affordable homeownership housing.
Respondents who choose to download the NOFA at no charge must register online. A copy of the NOFA may also be obtained via mail or in person from 9 a.m. to 5 p.m. at HPD located at 100 Gold Street, New York, NY 10038. Respondents must register online at the HPD website or in person at HPD to receive any updates or additional communications regarding the NOFA.
“Please be advised that additional applications will be accepted on an ongoing basis subject to the availability of funds. If you are interested in submitting an application, please send communications in writing to:
100 Gold Street, Room S8
New York, NY 10038
Click here to download the HARP NOFA (pdf)
Prospective Applicants should also download the Proposal Forms:
A. Development Team Information and Questionnaire (Word)
B. Management Questionnaire— rental only (Word)
C. HARP financing proposal:
1. Rental Pro Forma (Excel)
2.Coop and Condo Pro Forma (Excel)
Applying for State and Federal Housing Programs