NYC Housing Preservation and Development
New York City, New York

Established in 2006, the Fund offers flexible bridge loans to affordable housing developers to acquire vacant sites and occupied buildings and finance predevelopment work. The Fund is made possible through a partnership between Enterprise Community Partners, Inc. and the Local Initiatives Support Corporation, the City of New York, major commercial lending institutions, and foundations.

Program Status
Active
Total Funding
$210,000,000
Website
https://www.nycacquisitionfund.com/
Contact
NYC Housing Preservation and Development [email protected] 212-863-6300
How Provided?
Development loans
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Capital resources
Info Source
NLIHC internet research
Last Updated
8/22/23 12:42
Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements