NYC HPD Supportive Housing Loan Program (SHLP)

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Status: Available




New York City

Procurement Agency



HPD's SHLP is a source of capital subsidy for supportive housing development in NYC.

Tenant Eligibility Criteria

Eligible Applicants

Nonprofit organizations or joint ventures between nonprofit and for-profit entities. For projects developed by joint ventures, the majority of HDFC incorporators/directors/officers must be appointed by the nonprofit organization. Long-term project control and ownership must be with a nonprofit organization or entity wholly controlled by a nonprofit organization.


Awards are made on a rolling basis. SHLP provides up to:

HPD's Division of Special Needs Housing will work with sponsors to secure low-income housing tax credits and gap financing. Eligible SHLP costs include land acquisition, construction, professional fees and other soft costs.


The construction loan converts to a 30-year permanent loan. Interest rates vary by project, but a typical loan is AFR, deferred and accrued. The principal does not need to be repaid if the property remains affordable housing for homeless and disabled tenants for a 30-year period. 

Network Notes

For More Information

See HPD's term sheet.


Theresa Cassano
Director of the Supportive Housing Loan Program
Division of Special Needs Housing
T: (212) 863-8009

Last updated: 08/27/2019

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