Home Repair and Preservation Financing

• About PreservationLearn about what it means to preserve affordable housing.
• Affordable Neighborhood Cooperative Program (ANCP)Rehabilitate distressed city-owned multifamily properties into affordable co-ops.
• Aging in PlaceMake homes more accessible to seniors and people with disabilities.
• Basement Apartment Conversion Pilot ProgramFinancial and technical assistance to legally convert your basement or cellar.
• Community Restoration FundLearn how HPD stabilizes neighborhoods through acquisition of distressed community assets.
• Capital Partnership for Affordable Renovation (CPAR) Loan ProgramLearn how HPD Financing for moderate rehabilitation of buildings with 3 or more apartments.
• Green Housing Preservation Program (GHPP)Financing for small/mid-size building energy efficiency and water conservation improvements, lead remediation, and moderate rehabilitation work.
• Housing Preservation Opportunities (HPO) ProgramProvides tax exemptions to preserve privately-owned multifamily housing at a range of affordability levels throughout New York City.
• HPD-NYSERDA Retrofit Electrification PilotThrough an innovative joint pilot program with NYSERDA, owners interested in building electrification may be eligible to receive grant funding to incorporate electrification of hot water heating systems or space heating and cooking into HPD Preservation scopes.
• HUD Multifamily ProgramFinancing to rehabilitate, recapitalize, and preserve privately-owned HUD-assisted rental housing.
• Inclusionary HousingDesigned to preserve and promote affordable housing.
• Lead Hazard Reduction and Healthy Homes ProgramFinancing for the reduction of lead paint hazards in your building.
• LIHTC Preservation (Year 15) ProgramRepositioning for properties reaching the end of the tax credit compliance period.
• Multifamily Disposition and Finance ProgramsDesignation of qualified sponsors to purchase and rehabilitate distressed multifamily properties.
• Multifamily Housing Rehabilitation Loan Program (HRP)Financing for replacing major building systems in multifamily buildings.
• Multifamily Water Assistance ProgramWater and sewer credits of eligible multifamily housing projects.
• Neighborhood PillarsFinancing for mission driven organizations rehabilitating affordable housing.
• Participation Loan Program (PLP)Financing for multifamily building owners rehabilitating affordable housing.
• Plus One Accessory Dwelling Unit (ADU) ProgramFinancing for the creation of Accessory Dwelling Units (ADUs).
• *New!* Preservation Design GuidelinesReview minimum design standards that ensure all HPD projects can meet NYC's ambitious climate, resiliency, health, and safety goals.
• Term SheetsTerm sheets for HPD Development Programs.
• Unlocking Doors Grant to renovate vacant rent-stabilized homes that are matched to households with CityFHEPS vouchers