HCR Multifamily Preservation Program (MPP)
The HCR Multifamily Preservation Program (MPP) provides subordinate second mortgage financing for the preservation and improvement of existing affordable multifamily rental properties throughout New York State. awards $75K.
Key Facts
- Award amount
- $75K
- Deadline
- Rolling / not specified
- Geography
- New York
- Categories
- Community Development
- Status
- Open
About This Grant
The HCR Multifamily Preservation Program (MPP) provides subordinate second mortgage financing for the preservation and improvement of existing affordable multifamily rental properties throughout New York State. The financing can be used for substantial or moderate rehabilitation, including site acquisition and related soft costs, provided the work includes the replacement of at least two major building systems. Funding is available for both construction and permanent phases, with a maximum...
Full requirements and application instructions: official listing.