The New York City Housing Authority (NYCHA) currently has 236 single-family FHA homes in its portfolio, located in the Bronx, Brooklyn, Queens and Staten Island. Many NYCHA families have lived in these FHA properties for over 20 years.
- NYCHA will conduct property inspections and estimate the scope and cost of repairs required before the property is transferred to the eligible resident.
- Based on the scope of this work NYCHA will make needed repairs prior to transfer of ownership, in accordance with the terms of NYCHA’s 5(h) Homeownership Plan.
- Potential home buyers will be responsible for certain costs related to the purchase and ongoing maintenance of the home. Please click here for more information.
NYCHA is transfering vacant single family homes to its partners, Habitat for Humanity and Restored Homes. Restored Homes and Habitat for Humanity will rehabilitate vacant homes and make them available as affordable, first-time homebuyer opportunities to low-income (families whose income is less than 80 percent of the Area Median Income (AMI) and moderate-income families (those whose income is less than 120 percent of AMI).
Both organizations have committed to conducting homeownership information sessions for all NYCHA residents.
- Habitat for Humanity is a national non-profit organization that focuses on the rehabilitation of single family homes and multi-family buildings and serves purchasers whose income is between 50-80 percent of the (AMI).
- Restored Homes is a non-profit focusing on the rehabilitation of foreclosed and vacant 1 to 4 family homes.