Status: Available
Type
Operating
Source
New York City
Procurement Agency
NYC HPD
Summary
NYC 15/15 Rental Assistance is project-based rental assistance for congregate supportive housing in NYC. It may only be used with NYC 15/15 services funding.
Tenant Eligibility Criteria
Households meeting the population criteria for HRA’s RFP for NYC 15/15 Congregate Supportive Housing services.
Eligible Applicants
Project must have a tentative award letter for the HRA Provision of Congregate Supportive Housing services in order to receive an award for NYC 15/15 Rental Assistance. Applicants for NYC 15/15 Rental Assistance should be owners who are developing supportive housing. Eligible applicants may be nonprofit organizations or partnerships between nonprofit and for-profit entities.
Amount
HPD has issued a rent schedule for underwriting purposes. Tenants will pay 30% of their income toward rent.
Term
Initial contract term of 15 years
Network Notes
- NYC 15/15 Rental Assistance cannot be used with any other rent subsidy program.
- Applications will be accepted on a rolling basis.
- Capital financing for the NYC Supportive Housing Initiative is available through the Supportive Housing Loan Program and other existing HPD Loan Programs.
- Owners may submit Application Package and applicable attachments immediately following award of HRA Provision of Congregate Supportive Housing letter. Application Packages should be submitted at least 6 months prior to construction closing.
Contact
By email: NYC1515@hpd.nyc.gov
Or by mail to:
NYC 15/15 Rental Assistance Program, NYC HPD
100 Gold Street, Room 9C-10
New York, NY 10038
Last updated: 04/26/2024