New York City Housing Trust Fund
The New York City Housing Trust Fund (NYC HTF) provides
a flexible subsidy of between $20,000 and $50,000 per unit to nonprofit and
for-profit developers to build or substantially rehabilitate multi-family
apartments. Apartments can be rentals, condominiums, or
cooperatives. Subsidies are provided in the form of 30-year term, one
percent interest loans.
Qualified projects must contain at least 20% of the units targeting “hard to
reach” populations (either those below 30% HUD Income Limit (HUDIL) or between
61-80% HUDIL).
Contact:
Jason Paukowits
HPD Office of
Development
Division of New Construction Finance
100 Gold
Street, 9-I3
New York, NY 10038
(212) 863-6646
(212) 863-5793 Fax
