Extremely Low & Low-Income Affordability (ELLA)
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.
Contact
Multifamily New Construction
NYC Housing Preservation and Development
[email protected]
212-863-5613
Other Eligibility Requirements
Formerly homeless households
Eligibility Limitations
Does not limit eligibility on these criteria
Priority Populations
Persons experiencing homelessness or at risk of homelessness
How Provided?
Development loans