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NYC Department of Housing Preservation & Development


Mortgage Assistance Program (MAP) Loans for Households in Need

The Mortgage Assistance Program (MAP) helps New York City homeowners at risk of foreclosure stay in their homes. MAP uses public and philanthropic funds to preserve homeownership and stabilize neighborhoods by providing interest-free, deferred repayment loans. Homeowners work with a non-profit housing counselor or legal services provider to determine eligibility and complete an application.

Click here for more information on MAP. 

Mitigation Efforts

Asset Control Area Program and Dollar Homes Program 
HPD and the non-profit Restored Homes (RH) have partnered together to work with the U. S. Department of Housing and Urban Development (HUD) to facilitate the purchase, rehabilitation and sale of distressed properties to create affordable homeownership opportunities for low and moderate-income families.  These homes are in specified revitalization areas throughout New York City that have suffered high foreclosure rates.  The revitalization neighborhoods include: Bedford Stuyvesant, Bushwick, Crown Heights, Cypress Hills, East New York, Oceanhill, Jamaica, South Jamaica/Baisely Park and the Northwest Bronx.

Homeowners interested in purchasing home through the ACA Program, click here

Neighborhood Stabilization Program 
The Neighborhood Stabilization Program (NSP) was originally created by Congress under the Housing and Economic Recovery Act of 2008 (HERA) to provide grants to States and localities for the redevelopment of foreclosed and abandoned homes and residential properties. In 2009, HUD announced a second round of funding (NSP2) created under the American Reinvestment and Recovery Act of 2009 (ARRA).

HPD received awards from both NSP1 and NSP2 to prevent further declines in New York City neighborhoods most severely impacted by foreclosures. To learn more about our NSP awards, click here.

NSP1 Programs

REO Program
HPD launched the Real Estate Owned (REO) program with two goals in mind: first, to create opportunities for affordable homeownership and, second, to address blight and vacancy in the thirteen New York City neighborhoods with the highest volumes of foreclosure auctions over the past two years. HPD will leverage millions of dollars of private financing and Federal Neighborhood Stabilization Program funds to acquire approximately 100 bank-owned properties that were not purchased at auction. HPD will partner with non-profits to rehabilitate these properties and sell them to qualified homeowners at affordable rates.

Homeowners interested in purchasing home through the REO Program, click here. 

Developers interested in participating in the REO Program, click here.

Owner-Abandoned Strategy
In order to assist low-income families, HPD will use NSP funding in existing HPD programs, such as 7A and the Alternative Enforcement Program (AEP).  7A is a management and financing program for privately-owned buildings that have been abandoned by their owners. AEP is an enforcement and emergency repair program used to address unacceptable housing maintenance conditions in distressed multiple dwellings. HPD will utilize NSP to fund private building administrators to acquire and rehabilitate abandoned and foreclosed properties, assisting renters affected by the foreclosure crisis.

For more information on NSP programs, please call (212) 863-8315.

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