HPD accomplishes the City's affordable housing goals through various development programs and initiatives by offering a range of low-cost financing options for new construction on privately- and publicly-owned land, administering 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.
Inclusionary Housing is designed to preserve and promote affordable housing within neighborhoods where zoning has been modified to encourage new development. The Supportive Housing Loan Program provides financing to not-for-profit organizations to develop supportive housing for homeless single adults, including people suffering from disabilities such as mental illness and AIDS. The Senior Housing Program supports the construction and renovation of affordable housing for low-income seniors, including a thirty percent set-aside for homeless seniors.
The Our Space Initiative supports the new construction of rental units affordable to formerly homeless households whose incomes are at or below 30% of the area median income (AMI).
HPD is committed to promoting the participation of Minority- and Women-Owned Business Enterprises (M/WBEs) through our Building Opportunity Initiative.
HPD is committed to partnering with mission-driven organizations throughout the city to identify and facilitate new development opportunities, and to spread the word about affordable housing resources for tenants and owners.