Development Programs

New Construction

Do you want to build new affordable rental housing? HPD offers a range of low-cost financing options for new construction on privately- and publicly-owned land:

Preservation

HPD administers multiple financing programs to facilitate the physical and financial sustainability and affordability of privately-owned multifamily and owner-occupied buildings, and to rehabilitate formerly publicly-owned buildings of varying sizes.

Public Site Financing:

Private Site Financing (1-4 unit buildings):

Private Site Financing (multifamily buildings):

For general inquiries about multifamily private-site preservation finance opportunities, contact hpdpres@hpd.nyc.gov.

Additional Financing

Tax Exemption Programs:

Acquisition:

New York City Housing Development Corporation:


Resources