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Developers

FINANCING - Financing tools

Acquisition & Predevelopment:  HPD and its partners offer programs to help finance the cost of acquiring land for affordable housing development and preservation.

New Construction: HPD and HDC offer a range of low-cost financing options for new construction on privately-owned vacant and underutilized sites

Rehabilitation: HPD offers a range of low-cost financing options for privately-owned buildings of varying size. The rehabilitations can range from systems replacement to gut rehabilitation.

Supportive Housing Loan Program: HPD offers low-cost financing to qualified nonprofits to develop permanent affordable housing with supportive services for homeless and low-income tenants. 

Tax Incentive Programs: Tax incentive programs are for developers and future or current property owners. Some applications are available online. Click on programs for more details and links to available forms and applications.

Low Income Housing Tax Credits: Low Income Housing Tax Credits are awarded annually on a competitive basis to qualified low-income housing projects.

Inclusionary Housing:  The Inclusionary Housing Program provides a zoning bonus for multiple dwelling developments in return for new construction, substantial rehabilitation, or preservation of permanent affordable housing.


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