The Housing Partnership (HP), and its affiliate, NYC Partnership Housing Development Fund Company, Inc. (Partnership HDFC), support and participate in a range of affordable housing initiatives by providing the following services:
Throughout its 35-year history, HP has been a trusted partner with strong working relationships with city, state, and federal housing agencies with the experience to shepherd affordable housing projects to closing and beyond. HP’s affiliates acquire and hold title to projects on behalf of developer partners for the duration of the regulatory period, enabling developers to claim a variety of tax exemptions and abatements, ultimately contributing to project feasibility and affordability. After projects have converted to permanent financing and are placed in service, HP’s compliance department works with developers and governmental agencies in an effort to strive to adhere to regulatory and operational best practices.
HP has been a leader in NYC affordable homeownership since its founding, and in such role has worked closely with the NYS Affordable Housing Corporation (AHC) for the duration of its long history. HP secures grant subsidies from AHC, as well as additional State and City capital to be used for affordable homeownership developments, in the development of single family, coop, and condo projects.
HP assists rental developers with their federal, state and local government affordable housing certifications.
Developer Loan Fund
Community Partnership Development Corporation
HP, through its affiliated community development fund institution, Community Partnership Development Corporation (CPDC), assists small and emerging locally based developers, as well as community based nonprofits, with pre-development, short-term bridge and property acquisition loans for affordable housing projects. CPDC’s streamlined loan origination process plays a key role for developers seeking to prepare sites for construction loan closings or close financing gaps.
If you are a developer and interested in learning more about our services, please contact Daniel Marks Cohen, Vice President, at 646-217-3373 or email@example.com