HPD administers roughly $11 million in local and federal funding to procure housing preservation and stabilization services from community-based organizations throughout New York City. The contracts fall into two basic categories:
Each year the City Council of New York City allocates funding to community-based not-for-profit organizations that are selected by their local elected officials to provide either local, borough-wide or citywide housing related services to communities in need. In FY18, the Neighborhood Contracts unit will manage over 190 City Council awards estimated around $9.1 million in funding to support the following types of housing initiatives:
HPD also provides oversight of the Neighborhood Preservation Consultants (NPC) program, which provides nearly $2 million in federal funds over a period of three years to 19 local community-based organizations working on a variety of housing preservation-focused activities. NPC activities are geared to meet the goals of stopping tenant displacement, improving housing quality, and encouraging property owners to obtain financing with HPD that both funds property upgrades and ensures long-term affordability.