The Division of Housing and Community Renewal provides financial support for 205 not-for-profit community-based housing corporations to perform housing and community renewal activities statewide. These corporations, known as Preservation Companies, provide assistance including, but are not limited to, housing rehabilitation, home buyer counseling, tenant counseling, landlord/tenant mediation, community rehabilitation and renewal, crime watch programs, employment programs, legal assistance, and Main Street Development. A majority of Preservation Companies are also involved in the planning and development of capital projects including new construction and/or rehabilitation of older housing stock. Companies perform this work with the assistance of DHCR administrative funds and leveraged funds from the private sector and other governmental sources.
Preservation Companies are located in most areas of the state and primarily serve low- and moderate-income residents. Preservation Companies are required to serve areas where there are significant unmet housing needs for the low and moderate income population.
Last updated on 01/03/14