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The Build It Back Multifamily Loan Program provides forgivable loans or grants for repairs and resiliency improvements to buildings with five or more units. Eligible properties include rental buildings, condominiums, and co-operatives that sustained damage due to Hurricane Sandy. The program will offer ‘evaporating’ loans with zero payments and zero interest to cover the cost of improvements that will repair damage from the storm and improve the resilience of residential buildings to future storms. Loans will evaporate at the end of five to fifteen-year terms and no repayment will be required unless the property is sold or refinanced during the loan term. Assistance will be provided in the form of a grant to owners of individual condominium and co-operative units located in buildings with five or more units. LISC NYC is administering $15 million in Multifamily Loan Program funds in partnership with the NYC Department of Housing Preservation & Development (HPD).
Building Resiliency Consultant RFQ
Qualification applications shall be received on a rolling basis for the duration of this request for qualifications (“RFQ”) until the Multifamily Loan Programs’ needs are fulfilled or until December 31, 2013, whichever is later; provided, however, that LISC and CPC reserve the right to, at their discretion, extend this RFQ period beyond December 31, 2013.
Loan Originator's RFP and Loan Originator's Q&A
Applications should be received no later than January 27, 2014 for this request for qualifications (“RFQ”) Multifamily Loan Program. However, LISC and CPC reserve the right to, at their discretion, extend this RFQ period beyond January 27, 2014.
The Mayor’s Fund to Advance New York City, the Mayor’s Office of Housing Recovery Operations, and the Local Initiatives Support Corporation (LISC) announced a new program to assist single-family homeowners impacted by Hurricane Sandy. The new program, the NRNYC Home Repair Program, will be managed by Neighborhood Revitalization NYC (NRNYC), an affiliate of LISC. The program, assisting lower-income New Yorkers who may not be eligible for the City’s Build it Back program, will provide homeowners with a range of structural and non-structural repairs for homes damaged by Hurricane Sandy through $15 million in privately raised funds from the Mayor's Fund and additional support from the Robin Hood Foundation, the American Red Cross and JPMorgan Chase. Work in this new program will begin immediately, with about a dozen homes currently being assessed for repairs. Homeowners interested in being candidates for this program can call NRNYC at 212-455-9309 for more information.
On Thursday, January 31, 2013, Mayor Michael R. Bloomberg and the Mayor’s Office of Housing Recovery Operations announced a new initiative to address water damage and treat mold in homes impacted by Hurricane Sandy. Using private money raised to assist victims of Hurricane Sandy, the Mayor’s Fund to Advance New York City has launched a remediation program to remove mold in approximately 2,000 homes in the hardest hit areas. In partnership with the American Red Cross and the Robin Hood Foundation, the Mayor’s Fund is sponsoring a $15 million remediation program that will be administered by Neighborhood Revitalization NYC (NRNYC), an affiliate of the Local Initiatives Support Corporation (LISC). Neighborhood Revitalization NYC will coordinate mold treatment that will be performed at no cost to the homeowner by private contractors and not-for-profit organizations.
Apply for Mold Treatment
Homeowners can find more information on how to apply for this program here.
In addition to the direct mold treatment program, the Mayor’s Fund is sponsoring new awareness and safe practice trainings on mold treatment work. These free training sessions will take place in many of the hardest hit communities to educate homeowners and volunteers on how to effectively treat mold, and thousands of mold supply kits will be distributed at no cost. Homeowners can learn more about this program by reading our Fact Sheet available here in English, Spanish and Russian.
Homeowners can also learn more about Hurricane Sandy programs by contacting 311.
Immediately following the destruction caused by Hurricane Sandy, LISC created an Emergency Relief Fund to enable community-based organizations in storm devastated neighborhoods to help residents get back on their feet. LISC NYC has awarded eight capacity building grants, totaling over $1 million to date, to Astella Development Corporation, Brighton Neighborhood Association, Fifth Avenue Committee, Neighborhood Housing Services of East Flatbush, Ocean Bay Community Development Corporation, Northfield Community Local Development Corporation, AAFE Community Development Fund, and MHANY Management Inc. The funds have enabled these LISC partners, who are deeply connected to and trusted by their residents, to conduct critical on-the-ground outreach to vulnerable populations in Coney Island, Brighton Beach, Red Hook, Gowanus and Canarsie in Brooklyn, Far Rockaway in Queens and in various shore communities of Staten Island. These organizations have reached over 2,000 homeowners, often by going door-to-door, connecting them with critical resources as they navigate the road to recovery. They’ve helped enroll nearly 400 homeowners in the Neighborhood Revitalization NYC Mold Treatment Program, and well over 500 homeowners in the City’s Build It Back Program. Click here to read more.
Please click here to read Mayor Bloomberg’s complete press release.
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