Loan programs help owners of multifamily rental buildings get low-interest loans. The loan can help with moderate or substanial repairs.

These loans are for:

  • HDFC co-operatives
  • Buildings with 3 or more units

This is through the following HPD loan programs:

  • Multifamily Housing Rehab Program (HRP)
  • Green Housing Preservation Program (GHPP)
  • Participation Loan Program (PLP)

Building owners can get loans for the replacement of major building systems.

This program is for:

  • Multifamily buildings
  • Buildings with 3 or more apartments that need moderate repair

Eligible homeowners must have no or limited ability to support private financing.

Some examples of major building systems include:

  • Roofs
  • Window replacements
  • Building envelope work
  • Boilers

Online

Learn about this program.

By Phone

Call 311 or 212-NEW-YORK (212-639-9675) for help.

Building owners can get loans to finance eco-friendly renovations.

This program is for building owners of:

  • Multitfamily rentals
  • Cooperative buildings

Buildings must have 3-50 units to qualify.

Building owners can apply for:

  • Low-interest loans
  • No-interest loans

Some examples of eco-friendly renovations include:

  • Energy efficiency
  • Water conservation improvements
  • Lead abatement
  • Moderate rehab work

Online

Learn about this program.

By Phone

Call 311 or 212-NEW-YORK (212-639-9675) for help.

Building owners can get financial help to make repairs.

This program is for building owners:

  • Of multifamily rentals or cooperative buildings
  • With low to moderate incomes
  • With 3 or more units in need of repair
  • With access to some private financing

Online

Learn about this program.

By Phone

Call 311 or 212-NEW-YORK (212-639-9675) for help.

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