Home Repair and Preservation Financing

• About PreservationLearn what it means to preserve affordable housing and which finance program may be best for your building.
• 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.
• 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.
• Loan Program FinderUse this online tool to help identify programs you, as a building owner, may be eligible for based on your building type, financing history, and needs. By answering a few questions, the tool will share resources for your housing finance needs.
• 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 ProgramsFinancing 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