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NYCEEC Green Predevelopment Loans, in partnership with the NYC Department of Housing Preservation & Development (HPD)

About HPD

Established in 1978, the New York City Department of Housing Preservation and Development (HPD) promotes the quality and affordability of the city’s housing and the strength and diversity of its many neighborhoods. HPD works with non-profit and for-profit building owners to maintain affordability and provides financing for rehabilitation and energy-efficiency updates.

HPD offers rehabilitation loans through several preservation programs. Building owners applying to or working with the following programs are eligible to apply for a NYCEEC Green Predevelopment Loan:

Eligible Programs:

Green Housing Preservation Program (GHPP)

HUD Multifamily Program (HUD)

LIHTC Preservation Program (Year 15)

Multifamily Housing Rehabilitation Program (HRP)

Multifamily Preservation Loan Program (MPLP)

Neighborhood Pillars Program

Participation Loan Program (PLP)


In partnership with HPD, NYCEEC offers attractive financing for any predevelopment expenses associated with participating in one of the Eligible Programs – enabling all building owners to enjoy these programs’ benefits.

NYCEEC can finance up to $40,000 for 1 building and $60,000 for 2 buildings for up 18 months with a simple and straightforward approval process. Loan amounts for projects involving 3 or more buildings will be determined on a case-by-case basis.

Eligible Expenses Include:

Integrated Physical Needs Assessment (IPNA)

Property Appraisals and Surveys

Lead and Asbestos Testing

Engineering Studies

NYCEEC Green Predevelopment Loan Terms

Eligible Predevelopment Activities
Integrated Physical Needs Assessments (IPNAs)
Enterprise Green Communities (EGC) Consultant
Property Survey
Lead and Asbestos Testing
Scope of Work Development
Architectural Drawings
Technical Assistance Services
Legal Fees
Environmental Reports (Phase I and II)
Any other eligible cost as applicable and as required by HPD

Please note, each loan allows up to three draw requests, with the second and third draws contingent on the results of the IPNA.  If the IPNA does not identify sufficient energy efficiency measures, no further advances will be made.