Multifamily Disposition and Finance Programs - HPD

Housing Preservation & Development


Home Repair and Preservation Financing

Multifamily Disposition and Finance Programs


Multifamily Disposition and Finance Programs

HPD’s Third Party Transfer (TPT) Program and Multifamily Preservation Loan Program (MPLP) designate qualified sponsors to purchase and rehabilitate certain vacant and occupied multi-family properties in order to improve and preserve housing affordable to low- to moderate-income households.

All TPT properties are currently owned by Neighborhood Restore HDFC and MPLP properties are currently owned by the City of New York. All properties were subject to an in rem foreclosure.

HPD provides loans using City Capital and/or Federal HOME funds at 1% interest. HPD subsidy is in addition to construction and permanent financing sources provided by, but not limited to, private institutional lenders, New York City Housing Development Corporation (HDC), and Low Income Housing Tax Credits (LIHTC).

Resources

TPT and MPLP term sheet

Integrated Physical Needs Assessment (IPNA)

TPT Working Group

TPT Working Group Final Report

Appendix B

Appendix C

Contact

Multifamily Disposition and Finance Programs
100 Gold Street, Room 9V
New York, NY 10038
212-863-8940