Loans for Owner-Occupied Buildings of 1- to 4-Units

This loan provides homeowners with financing to repair water mains, boilers, sewer lines, sidewalk violations, roofs, plumbing and electrical, conditions dangerous to health and safety, and sidewalks where a violation has been issued. Other emergency repairs may apply. The maximum loan amount is $10,000, with low interest rates and a maximum term of 5 years. Follow these steps to begin the application process:

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Step 1: Gather Documents

Make photocopies of the following documents. All documents must be the most recent copy received. Click here to download and print the list.

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1. Photo identification

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2. Information on income and assets:

•  Recent pay stubs or pay slips (for the past two pay periods)

•  Award letter(s) for Social Security, SSI, pension, alimony decisions, etc.

•  Tax returns and W2s for the past two years

•  Checking and savings account statements for the past two months

•  Rental Income Lease (if applicable)

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3. Information on bills:

•  Credit card statements: MasterCard, Visa, Sears, Macy’s, etc.

•  Car loan statement and any other installment loan statement

•  Life insurance statement

•  Student loan statement

•  Gas bill

•  Electric bill

•  Telephone bill

•  Water & sewer bill 

•  Mortgage coupon or statement

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4. Information about the home:

•  Title report or title policy

•  Deed to property and any other documents that show ownership

•  Homeowner’s insurance policy

•  Property tax statement

•  Assessment and Market Value statement (issued in January by NYC Dept. of Finance)

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5. Contractor’s Estimate

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6. Check or Money Order

A non-refundable money order for $150.00 made payable to "NEIGHBORHOOD HOUSING SERVICES." This is an application fee (includes report credit fee for the first two names on the title.

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Step 2: Make an Appointment

To request an appointment to meet with a counselor, call 718-469-4679 or click here.

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At your appointment, the counselor will determine your eligibility for a loan and coordinate next steps. Please remember to bring the documents listed above to your appointment, including a work estimate from a licensed and insured contractor. Some projects may require our Construction Services Department to conduct site inspections, prepare a scope of work, schedule payments to the contractor, and issue a Certificate of Completion.

 

Loans for Owners of 5- to 20-Unit Residential Buildings and Mixed-Use Properties

Please call us at 718-469-4679 for the list of required documents to submit.