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Today, the JPMorgan Chase Foundation announced a $500,000 grant to LISC NYC to expand one of its flagship programs—the New York Land Opportunity Program (NYLOP)— which helps mission-driven organizations develop and preserve affordable housing on their land.
A story in The Wall Street Journal highlights LISC NYC’s assistance to nonprofit owners of very low-income HUD Section 202 senior housing to preserve their buildings. The story also profiles a senior building owned by West Harlem Group Assistance, one of the community partners that is part of LISC NYC’s program, NYLOP 2 ...
Applications are due Friday, February 8, 2019. NYLOP for HUD 202s was developed in response to changes in the federal Rental Assistance Demonstration (RAD) program which will enable HUD 202 owners to take on new sources of financing for rehabilitating their properties.