The New York City Department of Housing Preservation and Development (HPD) is the largest municipal developer of affordable housing in the nation. Since 1987, HPD has provided over $8.7 billion to support the repair, rehabilitation and new construction of hundreds of thousands of units of housing. This administration's housing agenda, The New Housing Marketplace: Creating Housing for the Next Generation, is the largest investment in the City's housing stock in 20 years. It is a $8.5 billion plan to create and preserve more than 165,000 homes and apartments in neighborhoods over ten years
Learn more about The New Housing Marketplace

HPD protects the existing housing stock and expands housing options for New Yorkers as it strives to improve the availability, affordability, and quality of housing in New York City. HPD has made a decisive shift away from City ownership of properties and has developed innovative community revitalization initiatives that promote private investment and productive public-private partnerships. HPD works with its governmental, community, non-profit and for-profit partners to strengthen neighborhoods, increase the availability of well-maintained, affordable housing and enable more New Yorkers to become homeowners.

Today, in great part due to the work of HPD, the vacant and boarded-up buildings that were once a blight on many of the City's neighborhoods have been transformed into safe, affordable homes for families. Once-abandoned lots now contain new townhouses, parks and open space. Communities that were devastated not long ago are now vibrant, as commercial activity has returned and public safety initiatives have encouraged parents to allow their children to play outside. HPD's housing programs have helped to restore and rebuild housing as well as to improve the quality of life in New York City's richly diverse communities. 

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