Affordable Neighborhood Cooperative Program (ANCP) - HPD

Housing Preservation & Development


Home Repair and Preservation Financing

Affordable Neighborhood Cooperative Program


Affordable Neighborhood Cooperative Program

The Affordable Neighborhood Cooperative Program (ANCP) selects qualified developers to rehabilitate distressed city-owned occupied multi-family properties, managed by the Tenant Interim Lease Program, in order to create affordable cooperatives for low and moderate-income households.

How does the program work?

ANCP provides low- to no- interest loans in the form of City Capital subsidy. All ANCP properties are currently owned by the City of New York. Upon construction loan closing, ownership will be transferred to Restoring Communities HDFC, a nonprofit, interim owner. Upon cooperative conversion after construction is complete, ownership will subsequently be conveyed to a newly formed, resident-controlled cooperative HDFC.

For more information on the loan terms, see the ANCP term sheet.

View Completed Projects

244 Elizabeth Street

508 West 134th Street

847 Fox Street

46-48 East 129th Street

152 East 116th Street

211 West 147th Street

Resources

ANCP Program Overview

ANCP Frequently Asked Questions (FAQS)
ANCP preguntas frecuentes

Contact

Affordable Neighborhood Cooperative Program
100 Gold Street, Room 9-W7
New York, NY 10038
ANCP@hpd.nyc.gov