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

Obtaining a NYCEEC Green Predevelopment Loan is easy.

If you’ve already spoken to HPD and found out that you’re a good fit, download and complete NYCEEC’s short loan application and full term sheet here.

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)

NYCEEC'S Role

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 in predevelopment expenses for up to 18 months with a simple and straightforward approval process.

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
Loan Amount
Fees & Interest Rates
Integrated Physical Needs Assessment
Other HPD program requirements
(e.g. property survey, lead and asbestos testing, engineering surveys)
Private Lender Requirements
(e.g. Phase 1 & Phase 2 Environmental Site Assessments, property appraisal, construction/permanent commitment fee)
Up to $8,000
0% Fee
0% Interest
Up to $15,000
$250 Fee
0% Interest
Up to $40,000
$500 Fee
5% Interest