Housing Development Corporation (HDC)
Loans: HPD works with HDC, a mortgage lender for affordable,
multi-family housing. HDC structures low-cost mortgage loans for many different
types of affordable housing for people across the economic spectrum. Click here
for information about all of HDC's loan programs for developers.
Low Income
Program: Funds the new construction of multi-family rental projects
affordable to households earning up to 60% of Area Median Income. Projects
may include a tier of units affordable to households between 61%-90% AMI.
Mixed
Income Program: Funds the new construction of multi-family rental
projects affordable to households earning up to 130% of Area Median
Income.
New
York City Housing Trust Fund (NYC HTF):
Flexible subsidy to nonprofit and for-profit developers to build or
substantially rehabilitate multi-family apartments targeting “hard to reach”
populations, defined as those households earning less than 30% HUD Income Limit
(HUDIL) or between 61-80% HUDI.
