Affordable Housing Development and Preservation Financing

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Learn more about renting or buying:

Affordable Housing for affordable apartments
Lease or Buy City Property for vacant lots and commercial buildings

Developers can get help to build and maintain affordable housing. The Department of Housing Preservation and Development (HPD) offers low-cost ways to finance:

New construction
Preservation

Learn more about HPD financing programs.

New Construction

New construction financing is for buildings that are:

New
Privately-owned
Multi-family
Owner-occupied

Email mfnc@hpd.nyc.gov to learn more.

Preservation

Preservation financing is for buildings that are:

Former public buildings
In need of repair
Varying sizes

Email hpdpres@hpd.nyc.gov to learn more.

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