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.
• 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).
• Term SheetsTerm sheets for HPD Development Programs.
• Supportive Preservation Program (SPP)Financing and tax exemptions to promote the financial and physical viability and long-term affordability of supportive housing projects.
• Unlocking Doors Grant to renovate vacant rent-stabilized homes that are matched to households with CityFHEPS vouchers