FOR IMMEDIATE RELEASE
March 15, 2004
Press contact: Carol Abrams (212) 863-5176
Residential owners interested in assistance should call (212) 863-5300
CITY RESOURCES AVAILABLE FOR RESIDENTIAL OWNERS
If you own a residential building in New York City with three or more apartments, the City's Department of Housing Preservation and Development (HPD) can assist you with financing systems upgrades and major repairs.
"We want residential owners to invest in improvements that will extend a building's life. Not only will this increase property values for owners, but improve quality of life for tenants," said Mayor Michael R. Bloomberg. "I encourage residential owners to access the programs and services of the City's housing agency, HPD."
HPD is more than the enforcer of rules regulating privately owned residential apartment buildings; it assists owners to maintain the quality of their properties through a comprehensive housing education curriculum and a variety of loan programs. So much of this help is easy to access either by phone or computer, and a good deal of it is free.
If you have questions about your responsibilities as a building owner, HPD can assist you. Please visit our website at www.nyc.gov/hpd to get more information about different topics, such as annual property registration, heat and hot water requirements, the New York City Housing Maintenance Code and the proper way to correct violations and remove them from your building's record. This website also has information about HPD's low interest loans that can be used for moderate to major renovation work in your buildings. HPD offers among the lowest interest rates available and the best variety of loan products to be able to meet most owners' needs, regardless if the building is large or small, vacant or occupied.
The agency offers free courses dealing with all aspects of property management and building maintenance including lead-based paint abatement and water and energy conservation. Call the City's 24-hour service line, 311, or log onto www.nyc.gov/hpd for a free course catalogue.
To assist property owners, HPD offers one-on-one counseling on a wide variety of housing-related topics such as building finances, property tax arrears, and dealing with difficult tenants.
Property owners are welcome to call for an appointment at one HPD's borough offices:
Manhattan, 94 Old Broadway - (212) 281-2475
Brooklyn, 210 Joralemon Street - (718) 802-4503
Bronx, 151 East Tremont Avenue - (718) 716-0210
Queens/Staten Island, 120-55 Queens Boulevard - (718) 286-2762
The majority of the residential buildings in the City were constructed before 1947 and require upkeep and attention to preserve them for future generations. The City is happy to partner with residential property owners to extend the useful life of buildings for future generations of New Yorkers.