HPD's HomeFix Program, in partnership with the Center for NYC Neighborhoods (CNYCN) and their partners, Restored Homes Housing Development Fund Corporation, AAFE Community Development Fund (CDF), Neighborhood Housing Services of New York City (NHSNYC), and the Parodneck Foundation, provides a comprehensive place-based approach to addressing homeowner repair needs and other assistance. The program provides access to affordable low- or no-interest and potentially forgivable loans for home repairs to eligible owners of one- to four-family homes in New York City. HomeFix will offer loans up to $60,000 per home, with an additional $30,000 per additional rental unit, with an anticipated maximum loan amount of $150,000 for a four-family home, with a maximum loan amount as follows:
The loan terms may vary from low- or no-interest to fully amortizing from zero to five percent interest, with favorable loan terms for low-income and senior households.
To be eligible for the program, a homeowner must:
Homeowners are eligible based on their gross household income and size, outlined below. To determine if a homeowner might be eligible, locate the household size in Column 1 (how many people live in the home) in the chart below and review the corresponding income in Column 2. A household’s gross household income cannot be more than 165% Area Median Income (AMI) or the dollar amount shown below in Column 2:
The repairs must address building system(s) or housing deficiencies or conditions which may be hazardous to occupants/residents. The program partners will develop the eligible scope of work, which may include, but are not limited to, roof, heating system, hot water heater, electrical system, plumbing system, sidewalks/paving, accessibility measures to help seniors, energy efficiency upgrades, and more.