Participation Loan Program
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.
Contact
Hollis Savage
NYC Housing Preservation and Development
[email protected]
212-863-6172
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
Total Funding
$888,300,000
Funding Source
General revenue
Funding Year
2024-2026
How Provided?
Development loans; Development tax credits