The Housing Development program helps tenants buy and repair their buildings so tenants become homeowners. We have developed 522 apartments in 24 buildings.
Applications are now being accepted for a newly renovated affordable cooperative apartment at 21 Arden Street in Washington Heights! This apartment is for cooperative ownership and will require board approval before acceptance. 21 Arden Street Cooperative was developed through the New York City Department of Housing Preservation and Development’s Affordable Neighborhood Cooperative Program (ANCP). Information on the building and applicant eligibility is outlined below.
Please note that only applicants who are first time homebuyers are eligible to apply, and all units must be owner-occupied as a primary residence. Only applicants with family sizes of 1, 2, 3, 4 or 5 who meet the income and asset requirements will be considered.
Apply on Housing Connect at this link by June 13, 2022.
To request an application by mail, send a self-addressed envelope to: 21 Arden Street HDFC, c/o NMIC, 45 Wadsworth Avenue, NYC NY 10033. To request an application in person, stop by NMIC office at 45 Wadsworth Avenue from Monday – Friday, 10 AM – 5 PM. Only send one application per development. Do not submit duplicate applications. Applicants who submit more than one application may be disqualified. Completed applications must be returned by regular mail only (no priority, certified, registered, express, oversized, or overnight mail will be accepted) to a post office box number that will be listed on the application.
An Informational session will be held on June 1th, 2022, at 6:00PM. Register via this WebEx link here.
*Seminar attendance is not mandatory to purchase a home.
Please remember that all mailed applications must be postmarked by June 13th, 2022.
What We Do:
- Help tenants get financing to buy their buildings.
- Hire contractors and supervise building rehabilitation (repairs).
- Convert rental buildings to cooperative ownership, so tenants become homeowners.
- Educate new owners about how to run their buildings and help them create a cooperative board of directors.
- Offer future help to owners to make informed ongoing decisions about their buildings.
Who We Do it For:
- Tenants in buildings we serve through our Tenant Organizing program.
- Tenants in buildings the City decides should become tenant owned.
How to Sign Up:
- We do not sign up individuals. You must live in a building we are working with.
- If you are interested in tenant organizing support, please visit our Tenant Organizing page.
Call us at 212-822-8300 x360.