Our Space Initiative
New York City
Total Annual Award
Awards are made on a project by project basis.
Tenant Eligibility Criteria
Eligible units are referred by HPD for formerly homeless households.
Eligible projects are those receiving subsidy through HPD New Construction programs, such as ELLA, Mix & Match, and NCP.
Funding Award Details
HPD's Our Space Initiative funds the new construction of rental units affordable to formerly homeless households whose incomes are at or below 30% of the area median income (AMI). Homeless referrals to the Project must come from HPD and rents will be underwritten based on public assistance shelter allownce. The Our Space subsidy is in addition to the HPD funding available through HPD New Construction Finance programs. The subsidy is effectively a one-time award of $7,500 per unit for social services during the initial rent-up period. The M&O budget must set aside $7,500 per unit for 5% of the Our Space Units to be set aside to fund social services for households referred to the project after initial rent-up.
$7,500 per unit, one time payment.
One time payment for social services for new homeless households for the life of the project.
Social service provider must be approved by HPD.
Please note that this subsidy is a small, one-time payment to provide "light-touch" social services to formerly homeless households at the time of initial lease-up. This funding is not sufficient to provide comprehensive, long-term social services. For households with more complex needs, seek other sources of service funding.
For More Information
For more information and Frequently Asked Questions, please see HPD's website.
Contact HPD's Multifamily New Construction Finance: 100 Gold Street, Room 9I-5, firstname.lastname@example.org.
Last updated: 03/03/2017
Did you know…
In one Los Angeles program, formerly homeless individuals decreased their public and hospital costs from $63,808 when homeless to $16,913 when housed.