Neighborhood Housing Services (NHS)

In partnership with Neighborhood Housing Services (NHS) of New York City, the NHS program provides the following direct, low-interest home improvement loans.

  • Emergency Repair Loans: Loans up to $10,000 to correct health and safety-related emergency situations such as roof leaks, water main breaks or heating system repairs of the subject building in the five boroughs.
  • Revolving Loan Fund (RLF) Core Loans: Loans for large repairs and renovation of the subject building in selected neighborhoods.
  • HIP Options Loans: Loans made to homeowners who have been turned down for a city-sponsored Home Improvement Program loan due to their insufficient income or credit history.

Who is eligible to apply?

Owners of one- to four-family homes in the five boroughs.

How do the loans work?

The loans range from $5,000-$50,000 with interest rates between 2% and 5%. Terms range from 5 to 30 years.

How to apply?

Visit Neighborhood Housing Services to access the application as well as detailed information on the list of documents requested for processing your loan.


Contact Janet Hill of NHS at or (212) 519-2550, or contact HPD at or (212) 863-6700. Our team will be happy to further discuss the program and guide you through the process.