For Immediate Release: Thursday, June 27th, 2019
Contact: General HPD Press Contact, email@example.com
HPD Announces a Collaboration with the Center for NYC Neighborhoods to Aminister New Home Repair Program
HomeFix is a $7.2 million program that assists NYC homeowners by offering low-interest loans to help fund repairs, improve housing conditions, and keep New Yorkers in their homes
NEW YORK, NY – The New York City Department of Housing Preservation and Development (HPD) and Enterprise Community Partners announced today that the Center for NYC Neighborhoods (the Center) in collaboration with their partners Restored Homes Housing Development Fund Corporation, Asian Americans for Equality (AAFE), Community Development Fund (CDF), Neighborhood Housing Services of New York City (NHSNYC), and Parodneck Foundation, has been selected to administer HomeFix. HomeFix is a new program that seeks to empower low-to-middle income New York City homeowners who are not able to access repair financing through the private market by providing the most favorable loan terms for low-income households and seniors. Along with low-interest and forgivable home repair loans, the program will provide additional technical assistance, education, and other counseling provided by a network of non-profit partners to support owners of eligible one-to-four family homes. The HomeFix program is funded in part by the New York Attorney General’s settlements with large financial institutions to address misconduct that contributed to the collapse of the housing market.
“In New York City’s competitive real estate market, lower income homeowners can face innumerable challenges when seeking the financial assistance necessary to make home repairs,” said HPD Commissioner Louise Carroll. “Through HomeFix, this core group of non-profit organizations have come together to offer small owners a helping hand to overcome those barriers and gain access to important resources. I want to thank Enterprise, the Center, the Attorney General, the Council, and all of our partners for their support and assistance in making this program possible.”
“One of the most important ways we can address the housing crisis is to preserve our already existent affordable housing stock,” said New York Attorney General Letitia James. “The HomeFix program will help to ensure that families across the city have financial supports needed to be able to maintain their homes and remain in them. I am proud that my office can help provide these resources and ensure New Yorkers have access to the safe and decent homes they deserve.
“HomeFix is a win-win-win: communities are able to preserve local homeownership, the city gains a critical tool in combating the affordability crisis, and vulnerable homeowners get the funding and support they need to stay in their homes,” said Judi Kende, vice president and New York market leader, Enterprise Community Partners. “We are proud to support a program that will serve as a comprehensive model for counseling and funding for local homeowners for years to come.”
“We are thrilled to be part of the team making affordable home repair loans accessible to New Yorkers,” said Christie Peale, CEO/Executive Director of the Center for NYC Neighborhoods. “Together with our partners, we’ve found that unaffordable home repairs are one of the biggest challenges for lower-income homeowners. That’s why we applaud the City, HPD, and Enterprise for taking this bold and critical step so that New York families can maintain safe homes and rental units, seniors can age in place, and communities can become more resilient and energy efficient.”
HomeFix furthers the City’s ongoing Housing New York efforts and is currently expected to serve approximately 100-150 households per year. The Center was selected as program administrator after responding to Enterprise Community Partners’ Request for Proposals (RFP) in Fall 2018. The HomeFix program will start accepting applications from homeowners in the Fall 2019. Through the program, CNYCN will act as the primary contact for homeowners, offer ongoing technical assistance in accessing financial assistance or counseling. In addition, owners will have access to foreclosure and deed fraud prevention, estate planning for seniors, and other individualized assistance.
"Home Fix will empower low- and moderate-income homeowners in a way that was never before possible through existing funding sources and will work to maintain our city's housing stock by keeping homes safe and livable," said New York State Assembly Member Steven Cymbrowitz (D-Brooklyn), Chair of the Assembly's Housing Committee. "This is an example of an innovative and practical program that will help preserve the stability of our communities."
“Home ownership is critical to building and transferring wealth. HomeFix is a critical investment that provides resources to homeowners in an effort to improve quality of life, prevent foreclosure and deed fraud, and ensure people can stay in their homes. We support every effort the city takes to preserve and expand home ownership opportunities.” New York City Council Member Robert E. Cornegy Jr. (D-36th District), Chair of Housing and Buildings Committee.
To learn more about the program and submit an expression of interest form, please visit: HomeFix Program
The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York Plan which was recently expanded and accelerated through Housing New York 2.0 to complete the initial goal of 200,000 homes two years ahead of schedule—by 2022, and achieve an additional 100,000 homes over the following four years, for a total of 300,000 homes by 2026. For full details visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing.
Enterprise works with partners nationwide to build opportunity. We bring together the nationwide know-how, partners, policy leadership and investments to multiply the impact of local affordable housing development. Over more than 35 years, Enterprise has created nearly 585,000 homes, invested $43.6 billion and touched millions of lives. Join us at www.EnterpriseCommunity.org.