ED of Homeownership Initiatives, NYC HPD

The Division of Property Disposition and Finance leads the agency’s effort to designates qualified sponsors to acquire and/or rehabilitate property owned by the City of New York (“City”) or recently tax-foreclosed, to produce and preserve affordable rental and homeownership opportunities, and to finance the repair of certain properties. The Division of Property Disposition and Finance is composed of a number of programs: Affordable Neighborhood Cooperative Program (ANCP), Multi-family Preservation Loan Program (MPLP), Third Party Transfer (TPT), Community Restoration Fund (CRF), Basement Apartment Conversion Pilot Program, Small Homes Rehab NYCHA, Project HELP, and HomeFix- which facilitate the rehabilitation and preservation of public and privately-owned multifamily and 1-4 family buildings throughout New York City.

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