On October 24, 2023, the Department of Housing Preservation and Development (HPD) announced that they are in search of a partner organization to expand their program, HomeFix, geared towards helping low to moderate income homeowners repair their properties. The repairs covered by the program include upgrades and improvements to protect homes from extreme weather and flooding. Interested parties are asked to submit proposals with ideas for the program that are in line with Mayor Eric … <Read More>
Search Results for: HomeFix Program
First HomeFix Project Helps Make Critical Home Repair in Canarsie
The HomeFix project helps to provide affordable financing and loans in order to help family homeowners make necessary repairs. On May 10, 2021, the New York City Department of Housing Preservation and Development announced the first rehabilitation project completed by the HomeFix project. The HomeFix project is a program that provides affordable financing for essential home repairs in small family-owned properties located across New York City.
New Programs aimed to Help First-time Homeowners
Plan anticipates creating or preserving 20,000 homeownership opportunities by 2026. On December 11, 2017, Mayor Bill de Blasio announced two new programs, Open Door, which aids first-time homeowners buy a condo or coop, and HomeFix, which helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years. These programs are part of the Mayor’s 300,000 affordable housing plan.
City Connects 10,000 Households to Stable, Affordable Housing in Fiscal Year 2022
Mayor Adams announced several achievements over the last fiscal year in the multiagency effort to get New Yorkers into quality affordable homes. On September 15, 2022, Mayor Eric Adams announced that despite challenges like inflation, his administration connected nearly 10,000 families and individuals to stable, affordable homes in Fiscal Year 2022 (FY22). As part of the Mayor’s Housing Blueprint, his administration ensured that housing investments prioritized the experiences of New Yorkers, and that key … <Read More>
Mayor Announces 200,000 Affordable Homes Built or Preserved During Administration
The goal was part of a plan built to address the city’s lack of affordable housing. On December 22, 2021, Mayor Bill de Blasio announced that the City has reached the goal of building or preserving 200,000 affordable homes by the end of this administration.
Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems
Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units.