As a federally certified Community Development Financial Institution (CDFI), NHSNYC offers:
- affordable loans for the purchase of coops and condos
- emergency home repair grants
- home repair and home improvement loans
In addition:
- Eligible properties include 1- to 4-family, condos, and cooperatives (including Mitchell-Lama and HDFCs) within the New York metropolitan area (all five boroughs): Manhattan, Brooklyn, Queens, Bronx, and Staten Island
- Minimum required FICO score: 620
To Apply for a Grant, Loan, or Mortgage:
- Use the green button under any product listed below. All applications use the same form.
To Pay Off a Loan or mortgage AND/OR obtain a Letter of Satisfaction for a Paid-Off Loan:
- If you are ready to pay off your loan or have paid it off and need a Satisfaction of Loan/Mortgage document, click here: Request a Satisfaction of Loan/Mortgage
Questions?
Click to contact us or email the Intake Specialist at Lending@nhsnyc.org.
AFFORDABLE MORTGAGES
- Available only for the purchase of a condo or coop
- Mortgage loans of up to $250,000
- Purchaser does not need to be a first-time home buyer
- Eligible first-time home buyers may also apply for downpayment and closing-cost grants
To apply, please download and complete the intake form, email the completed form to Lending@nhsnyc.org, and pay the application fee.
REPAIR GRANTS AND LOANS
Possible repairs, improvements, and modifications (not available for all property types):
- Kitchens & bathrooms
- Plumbing
- Electrical
- Windows
- Roof replacement or repair
- Correcting Department of Buildings and Environmental Control Board violations
- Resiliency modifications, including but not limited to:
- Waterproofing
- Elevation of mechanicals
- Sump pumps
- Back-up power generation
- Water backflow prevention valves
- Storm resistant windows and doors
- Water leak detector installation
- Safety and aging-in-place modifications, including but not limited to:
- Lowering cabinets
- Changing a tub into a walk-in shower
- Installation of grab bars and railings
- Floor repair or replacement
- Wheelchair accessibility improvements
- A ramp or chairlift
- Door widening
REPAIR GRANTS
Reimagining Home Repair Grant
- Grant of up to $7,500 for necessary repairs
- Home must be:
- your primary residence and owner-occupied
- 1- to 4-units or a condo (sorry–no co-ops)
- located in a NYC borough
- Additional requirements (partial list):
- household income cannot exceed 120% AMI
- Airbnb hosts will not qualify
- No minimum credit or FICO score
- No application fee
To apply, please download and complete the intake form, and email the completed form to Lending@nhsnyc.org. No application fee.
REPAIR LOANS
HomeBridge Loan Program
For home improvements and rehabilitation. May be moderate to substantial.
- Minimum loan amount: $20,000. Maximum loan amount: $30,000
- Up to 15-Year fixed-rate term
- Income-based or Census tract-based (165% AMI maximum)
- Primary residence and must be owner occupied
- Eligible Properties:
- 1-4 Units
- Coops
- Condos
To apply, please download and complete the intake form, email the completed form to Lending@nhsnyc.org, and pay the application fee.
Rapid Repair Loan Program
Quick approval for repairs such as: boiler repair or replacement, roof, water-main break, plumbing, electrical, windows, accessibility (wheelchair ramp, safety grab bars/rails etc.)
- Loan amount $10,000
- 5-year, fixed-rate term (6%)
- Income-based or Census tract-based (165% AMI maximum)
- Primary residence and must be owner occupied
- Eligible properties:
- 1-4 Units Only
To apply, please download and complete the intake form, email the completed form to Lending@nhsnyc.org, and pay the application fee.