Housing Development Corporation (HDC) Loans: HPD works with HDC, a mortgage lender for affordable, multi-family housing. HDC structures low-cost mortgage loans for many different types of affordable housing for people across the economic spectrum. Click here for information about all of HDC's loan programs for developers.

Mixed Income Rental Program:  Sponsors purchase land or vacant buildings and construct or rehabilitate multi-family units to create affordable rentals, with a set aside of up to 30% of the units for formerly homeless families. HPD provides a direct subsidy of up to $50,000 per unit to leverage construction and permanent financing from other sources.

New Construction - Participation Loan Program (PLP): Low cost loans to private owners for partial financing of new construction of multiple dwellings

 New York City Housing Trust Fund (NYC HTF):   Flexible subsidy to nonprofit and for-profit developers to build or substantially rehabilitate multi-family apartments targeting “hard to reach” populations, defined as those households earning less than 30% HUD Income Limit (HUDIL)  or between 61-80% HUDI.