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).
HPD Office of Development
Division of New Construction Finance
100 Gold Street, 9-I3
New York, NY 10038
(212) 863-5793 Fax