HPD is looking for partnerships to help homeowners with flood prevention and repairs

Weeks after New York City was affected by heavy rains and flooding and just days before the 11th anniversary of Hurricane Sandy.

Tea New York City The Department of Housing Preservation and Development (HPD) is seeking a partner organization to begin expanding a program that helps low- and moderate-income homeowners pay for repairs and upgrades to their properties — including improvements to protect their homes from extreme weather and flood events. The City Housing Agency’s request for interested parties to submit their proposals to implement the expansion of the program moves NYC one step closer to taking advantage of Mayor Eric Adams’ key initiative “Housing of our neighbors” Blueprint to help communities build and sustain intergenerational wealth through homeownership.

“With the increasing impacts of climate change, New York City is committed to maintaining safe and resilient homes with a focus on supporting lower-income homeowners,” said Deputy Mayor for Housing, Economic Development and Workforce Maria Torres-Springer. “Equipping homeowners with critical financing to avoid the worst impacts of flooding gives New Yorkers peace of mind for future weather events and builds on this administration’s work on sustainability, emissions reductions and energy cost reductions.”

“Just weeks ago, torrential rains and flooding underscored the critical need to help homeowners protect and prepare their homes for the inevitable and more frequent storms,” ​​said HPD Commissioner Adolfo Carrión Jr. “We are witnessing the direct impacts of climate change, especially in urban coastal floodplains where many homeowners live. We are committed to equipping homeowners to face this reality. Through this process we will bring in a new partner to provide essential repairs and improvements to homes across the city.”

Originally launched in 2019, HomeFix gives owners of one to four family homes access to low- or no-interest loans of up to $60,000 per unit. New York City. Loans pay for repairs that involve building systems, housing deficiencies, and other conditions that may be hazardous to the health and safety of residents. Eligible renovations may include replacement windows and heating, water heating, roofing repairs and accessibility improvements to allow seniors to age in place. The program combines financial and technical assistance from community organizations and nonprofit partners, providing financial counseling, construction management and other customized services to help homeowners achieve long-term stability.

In the first three years after the program was launched, homeowners showed great interest. To meet this demand, the city is expanding this critical program to help homeowners who don’t have access to traditional home repair financing address urgent repair and maintenance needs. The expanded program, HomeFix 2.0, will be funded for the first time through a contract with the city, allowing the program to cover sustainability and resiliency upgrades to lower energy costs, meet emissions reduction goals and help protect homeowners from extreme weather and flooding. Events.

The request to bring in a new partner to help lead this work comes at a critical time, as the city is still recovering from heavy rains and flooding just weeks ago, and as the program aims to serve a population that is particularly vulnerable to flood damage . This Sunday, October 29, marks the 11th anniversary of Hurricane Sandy, which underscores the urgent need to support homeowners in protecting their homes. Seventy-five percent of buildings in the city’s coastal floodplain are one- to four-family homes, highlighting the urgent need to address increased flood risks and other climate threats. In doing so, HomeFix 2.0 will support the long-term protection of the city’s housing stock, promote the health and safety of residents, and provide critical stability for approximately 150 homeowners each year.

Many low- and moderate-income homeowners need help keeping up with rising costs. That need has only grown since the pandemic, leaving many low- and moderate-income homeowners insecure. Rising inflation, supply chain constraints, higher interest rates and other costs have made it more expensive than ever to maintain a home. The HomeFix 2.0 expansion is an important part of a series of strategies the city is implementing to help existing homeowners address physical and financial conditions in small buildings, prevent foreclosures and evictions, and ensure the long-term stability of one- to four-family homes, which are one of New York City the most important tools for neighborhood stabilization, economic mobility and intergenerational wealth creation.

To learn more about HPD’s homeowner programs, visit the site HPD website. For more information on submitting a proposal to the HomeFix 2.0 RFP and other requests for proposals, visit Passport.

Tea New York City The Department of Housing Preservation and Development (HPD) is the nation’s largest housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through lending and development programs for new affordable housing, maintaining the affordability of existing housing stock, enforcing quality housing standards, and educational programs for tenants and building owners. For full details visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter and Instagram @NYCHousing.

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