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:


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:

Homeowner Repair Loans (private 1-4 unit buildings):

Multifamily Financing (private multifamily buildings):

For general inquiries about multifamily private-site preservation finance opportunities, contact

Green and Healthy Homes:

Additional Financing


New York City Housing Development Corporation: