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The Landlord One Loan Program

The Landlord One Loan Program, sponsored by the New York State Housing Finance Agency and administered by the Neighborhood Housing Services of New York City, offers low interest rate loans to owners of properties consisting of 5-20 units. The loans are used to repair and/or renovate apartments to keep properties in habitable condition.

Loan Amount

There is a maximum loan amount of $20,000.

The program offers a 5-year, 1% interest rate loan, or an annual percentage rate (APR) of 1.84%. For example: if you borrowed $10,000 for five years, your monthly payment would be approximately $170.

Eligible Applicants

  • Individual landlords
  • Corporations
  • Partnerships
  • Non-profit owners
  • Cooperative associations with ownership interest

Loans may be used to:

  • Eliminate code violations
  • Repair/replace boilers
  • Repair/replace roofs
  • Make emergency repairs
  • Remove health and safety hazards
  • Upgrade windows and doors
  • Replace kitchen cabinets and bathroom fixtures
  • Repair walls, floors and stoops
  • Purchase new appliances
  • Other approved repairs or renovations

Benefits to Landlord

  • Low interest rate

  • A Construction Services Manager who will prepare a scope of work, conduct inspections for scheduling of payouts to contractors and issue a certificate of completion

  • Based on expertise, you can repair or renovate your property yourself and use program funds to pay for materials

For more information on this program, visit the NHS website at or visit one of the office locations listed below.

Neighborhood Housing Services of NYC
307 West 36th Street, 12 Fl.
New York, NY 10018-4205
Tel: (212) 519-2500
Fax: (212) 727-8171
Toll-free: (866) NHS-OFNY

Manhattan HomeOwnership Center
306 West 37th Street, 12 Fl.
New York, NY 10018
Tel: (718) 230-7610
Fax: (718) 230-0032

NHS of Jamaica
89-70 162nd Street
Jamaica, NY 11432
Tel: (718) 291-7400
Fax: (718) 298-6505


NHS of Northern Queens
60-20 Woodside Avenue, Room 2F
Woodside, NY 11377
Tel: (718) 457-1017
Fax: (718) 457-1247

NHS of Bedford Stuyvesant
1012 Gates Avenue
Brooklyn, NY 11221
Tel: (718) 919-2100
Fax: (718) 919-2725

NHS of the North Bronx
1178 East Gun Hill Road
Bronx, NY 10469
Tel: (718) 881-1180
Fax: (718) 881-1190


NHS of East Flatbush
2806 Church Avenue
Brooklyn, NY 11226
Tel: (718) 469-4679
Fax: (718) 469-4743

NHS of the South Bronx
848 Concourse Village West
Bronx, NY 10451
Tel: (718) 992-5979
Fax: (718) 992-6056

NHS of Staten Island
1205 Castleton Avenue
Staten Island, NY 10310
Tel: (718) 442-8080
Fax: (718) 442-8245


Last updated: 11/14/2008 6:13:36 PM