The Housing Partnership serves as New York City’s primary nonprofit intermediary for the development and preservation of affordable workforce housing, assisting in the development, promotion, and revitalization of affordable rental housing and homeownership through an array of specialized programs and services. For almost four decades, the Housing Partnership has been the facilitator of dynamic partnerships between the City, State, and private sectors to build affordable homes which stimulate economic growth and revitalize neighborhoods throughout New York City’s five boroughs, New York State, and New Jersey.
Often referred to as the “one stop shop” for affordable housing, the Housing Partnership works closely with our partners every step of the way to ensure that quality housing is built, financing is secured, and whether it is for low- to moderate-income renters or homeowners, that the residents are in safe and comfortable homes in neighborhoods throughout our service areas. The Housing Partnership has been achieving its goal to create and preserve at least 5,000 units of housing each year through an array of affordable housing programs.
Through our work with government agencies and private sector partners, the Housing Partnership homes bring substantial private investment and economic development into New York City neighborhoods where the need for affordable homeownership housing is great, where housing costs are soaring while incomes remain stagnant, and where thousands of working New Yorkers are shut out of the traditional housing market. In our more than 35-year history, the Housing Partnership has assisted in the development of more than 60,000 affordable home ownership and rental units throughout the five boroughs and leveraged over $7 billion in private sector financing. As a non-profit facilitator of private development initiatives that serve a public purpose, the Housing Partnership has evolved and expanded its skills and to help make program executives and affordable housing developers more efficient and successful in serving the homeownership and rental needs of New York families.
Our affiliate, the NYC Partnership Housing Development Fund Corporation, is a non-profit 501c3 Housing Development Fund Company (HDFC) which assists in making affordable housing preservation and development financially feasible by enabling a project to become tax exempt, in exchange for a regulatory agreement that commits the property to affordability restrictions for a defined period of time.
As a city-authorized Administrative Agent, the Housing Partnership has a dedicated marketing team that conducts HPD housing lotteries for affordable projects, interviews potential residents, and monitors projects for compliance for the duration of their affordability cycle. The Housing Partnership provides leasing and sales services for affordable housing units and has extensive experience with 421a tax abatements and Inclusionary Housing units in large and small projects.
Through another nonprofit affiliate, the Community Partnership Development Corporation, the Housing Partnership has a CDFI fund that can lend money for predevelopment during the earliest period of the life cycle of an affordable development project. The Housing Partnership also has a longstanding relationship with the NYS Affordable Housing Corporation, and has an extensive track record of obtaining subsidies to assist in the development of affordable housing. In addition, the Housing Partnership is a U.S. Department of Housing & Urban Development approved Housing Counseling Agency, and offers homeownership counseling and education programs to provide all the necessary information, knowledge and tools for prospective homebuyers and tenants to make smart, informed decisions about leasing and home buying.