Follow

New York City Housing Preservation & Development Loans

// <![CDATA[ try{Typekit.load();}catch(e){} // ]]> New York City Housing Preservation & Development Loans | New York State Energy Research and Development Authority Home Performance with ENERGY STAR Program // <![CDATA[ var _gaq = _gaq || []; _gaq.push(['optixtracker._setAccount', 'UA-10762450-25']); _gaq.push(['optixtracker._setDomainName', 'nyserda.energysavvy.com']); _gaq.push(['optixtracker._trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); // ]]>

This notice is to let contractors and interested parties know about the repair loans offered by the City of New York.

Full details can be found at http://www1.nyc.gov/site/hpd/owners/homeowner-repair-loans.page.

Repair Loans

HPD offers eligible homeowners a variety of low-interest loans for moderate to major home renovations. Sometimes, these low-interest funds are combined with financing from a lending institution to provide a low-cost loan tailored to the owner's needs.

Home Improvement Program (HIP): Developed in cooperation with private banks and credit unions, HIP loans of up to $30,000 are made to owner/occupants of one- to four-family homes located throughout the City who wish to improve their properties. The City provides a grant which reduces the bank's interest rate to 2.5% or 5%, depending on the borrower's income.

Contact: (212) 863-6429
Home Improvement Program Loan Application (in PDF)

 

Neighborhood Housing Services (NHS): In partnership with Neighborhood Housing Services of New York City, this program provides the following direct, low-interest home improvement loans to owners of one-to four-family homes in the five boroughs.

  • 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.

Contact (NHS): (212) 519-2500

 

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

Powered by Zendesk