NYC Housing Preservation and Development
New York City, New York

HPD’s Participation Loan Program (PLP) provides low-interest loans and/or tax exemptions to multifamily building owners to facilitate the moderate or substantial rehabilitation and affordability of housing for low-to-moderate income households.

Funding Source
General revenue
Funding Year
2024-2026
Program Status
Active
Total Funding
$888,300,000
Website
https://www.nyc.gov/site/hpd/services-and-information/participation-loan-program-plp.page
Contact
Hollis Savage NYC Housing Preservation and Development [email protected] 212-863-6172
How Provided?
Development loans; Development tax credits
Program Type
Capital resources
Income Eligibility Threshold
120% AMI or less
Duration
Affordability period is 30 years
Info Source
NLIHC internet research
Last Updated
8/23/23 11:14
Other Eligibility Requirements

Persons experiencing or at risk of homelessness

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements