NYC Housing Preservation and Development
New York

HPD's Extremely Low & Low-Income Affordability (ELLA) Program funds the new construction of low-income multi-family rental projects in which a minimum of 80% of the units are at low income rents affordable to households earning up to 80% of Area Median Income (AMI). HPD subsidy is to be paired with other public and private sources.

Program Status
Active
Website
https://www.nyc.gov/site/hpd/services-and-information/extremely-low-and-low-inc…
Contact
Multifamily New Construction NYC Housing Preservation and Development [email protected] 212-863-5613
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 30 years
Info Source
NLIHC internet research
Last Updated
8/22/23 13:48
Other Eligibility Requirements

Formerly homeless households

Income Eligibility Threshold Detail

80% of units for those at or below 80% AMI, 20% of units for those at or below 90%-100% AMI

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Persons experiencing homelessness or at risk of homelessness