HPD offers eligible owners a variety of low-interest loans for moderate to major renovations. 

Use our Eligibility Tool to find out if you qualify for assistance or learn more about our financing options below. 

 

Multifamily Financing

What type of building is it for?
Multifamily rental or cooperative buildings with 3 apartments or more, requiring moderate to significant building renovations.

What type of work does it cover?

  • Roof and window replacement
  • Heating upgrades
  • Building exterior
  • Electrical upgrades
  • Plumbing upgrades
  • Lead paint hazard reduction, and more!

Our low-cost financing and tax benefits are all you need to upgrade or replace major building systems, reduce your operating expenses, and maintain quality affordable housing for residents.

Learn more about our programs:

Replacement of building systems: Multifamily Housing Rehabilitation Program (HRP)
Moderate to substantial renovation and refinancing: Participation Loan Program (PLP)
Repairs to remove lead paint and other hazards: Lead Hazard Removal and Healthy Homes - Primary Prevention Program (PPP)

 

 

Green and Healthy Homes

What type of building is it for?
Multifamily buildings seeking to require energy efficiency and water conservation improvements and/or lead removal.

What type of work does it cover?

  • New efficient boilers, roofs and windows
  • Steam distribution upgrades
  • Energy efficient lighting
  • Solar electricity and heating
  • Electrical upgrades and facade work
  • Lead paint hazard reduction, and more!

We'll assess your building's energy efficiency, lead hazard, and rehabilitation needs, develop a cost-effective plan to reduce operating expenses, and provide the loans and tax incentives to pay for the job.

Learn more about our programs:

Moderate rehabilitation, plus energy efficiency or water conservation: Green Housing Preservation Program (GHPP)
Repairs to remove lead paint and other hazards: Lead Hazard Removal and Healthy Homes - Primary Prevention Program (PPP)  

 

 

Homeowner Repair Loans

What type of building is it for?
Owner-occupied 1-4 unit homes, requiring emergency repairs or upgrades.

What type of work does it cover?

  • Emergency repairs
  • Upgrades to insulation, electrical, and plumbing
  • Heating Upgrades
  • Lead paint hazard reduction
  • Roof replacements, and more!

Find out how our low-interest loans and grants can help you protect your greatest asset.

Learn more about our programs:

Moderate repairs or renovations: Home Improvement Program (HIP)
Moderate repairs or renovations: Neighborhood Housing Services (NHS)
Moderate repairs or renovations for seniors: Senior Citizen Home Assistance Program (SCHAP)
Repairs to remove lead paint and other hazards: Lead Hazard Removal and Healthy Homes - Primary Prevention Program (PPP)

 

Questions?

Come speak to an HPD finance specialist about how we can help. We host monthly Property Owner Clinics at our downtown location. No reservations needed. Just show up!

Reach out to one of our Landlord Ambassadors - who are community-based nonprofit organizations that can help you take advantage of HPD's affordable housing program. 

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