New York City Department of Housing Preservation and Development

Name

New York City Department of Housing Preservation and Development

Legal name

New York City Department of Housing Preservation and Development

Website

https://nyc.gov

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Government Housing Services

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs, Urban Planning, and Community Development (9251), Administration of Housing Programs, Urban Planning, and Community Development (925)

SIC

Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

akta.pro secondary industries

Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Affordable housing services
• Rental assistance programs
• Tenant protections
• Housing development financing
• Rent stabilization

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Distribution channels3 records

Marketing channels3 records

Core offering

HPD is New York City's primary municipal housing agency that administers affordable housing development financing, rental assistance programs (Section 8, CityFHEPS, FHEPS), rent stabilization for approximately one million apartments, tenant protection enforcement, and housing code compliance. It partners with public agencies and private developers to build and preserve affordable housing units across the five boroughs.

Product overview

HPD operates as a city housing agency providing a portfolio of housing services through digital platforms and direct programs. Core offerings include rental assistance programs (Section 8 HCV, FHEPS, CityFHEPS), affordable housing development financing (Mitchell-Lama, Transfer of Assistance), and regulatory administration (rent stabilization, tenant protections). Key digital services include Housing Connect (affordable housing lottery), HPDONLINE (property/building information portal), and the newly launched ADU For You platform for accessory dwelling unit construction. The agency partners with NYCHA, HDC, and development firms to produce affordable housing under the Block by Block plan targeting 400,000 units over ten years.

Differentiator

Problem solved

Functional benefit

Products and services

• Housing Connect NYC's affordable housing lottery system allowing residents to apply for income-restricted apartments through a single online application portal.
• Section 8 Housing Choice Vouchers (HCV) Federal rental assistance program where HPD manages vouchers that pay a portion of rent for eligible low-income families in the private rental market.
• CityFHEPS City-funded rental assistance program providing vouchers to help prevent homelessness and eviction for qualifying New Yorkers.
• Family Homelessness & Eviction Prevention Supplement (FHEPS) Rental assistance program helping families who have been evicted, face eviction, or lost housing due to domestic violence to pay rent and avoid homelessness.
• Mitchell-Lama Program Middle-income housing program offering reduced-rate mortgages for developers in exchange for rent-regulated apartments available to moderate-income households.
• Transfer of Assistance Program Innovative HPD financing mechanism enabling current public housing residents to transfer to new affordable developments while creating new units, used in NYCHA partnerships.
• HPD Online (HPDONLINE) Online portal providing building information, violation records, and property data managed by the Department of Housing Preservation and Development.
• ADU For You Platform Digital platform streamlining construction of Accessory Dwelling Units (ADUs) featuring pre-approved architectural designs, property eligibility checks, financial modeling tools, and approval navigation for backyard and attic units up to 800 square feet.
• Rent Stabilization Administration HPD-administered rent regulation for approximately one million apartments in NYC, with annual increases set by the NYC Rent Guidelines Board.
• Good Cause Eviction Compliance New York State law compliance program protecting unregulated rental tenants from unreasonable rent increases above local rent standard and requiring legitimate cause for eviction.

Quantifiable outcome

• Target to build 200,000 and preserve 200,000 affordable housing units over next decade
• +1 more outcomes

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

13 partnerships are on record, tiered core, key and major.

• NYC Health + HospitalscoreStrategic or Co-development Partner · 6 July 2026Public-private partnership for River Commons, with 98 units reserved for homeless hospital patients under the Housing for Health program. Includes 43,000-square-foot health center.
• NYCHA (New York City Housing Authority)coreStrategic or Co-development Partner · 1 July 2026Collaborated on Sol on Park project at Morris Houses campus, with HPD and HDC, representing the city's largest Transfer of Assistance transaction. NYCHA residents get priority access to new affordable units.
• NYC Housing Development Corporation (HDC)coreStrategic or Co-development Partner · 1 July 2026Co-developed Sol on Park project with HPD and NYCHA, providing innovative financing through the Transfer of Assistance program for 229 affordable senior homes.
• NRP GroupkeyStrategic or Co-development Partner · 1 July 2026Co-developer of Sol on Park project, serving as NRP Group's first major project in New York City, developing 229 affordable homes for seniors.
• Selfhelp Realty GroupkeyStrategic or Co-development Partner · 1 July 2026Co-developer of Sol on Park, bringing mission-driven affordable housing development expertise for seniors with on-site supportive services.
• Foxy ManagementkeyStrategic or Co-development Partner · 1 July 2026Co-developer of Sol on Park, contributing to the sixth senior housing project in Foxy's portfolio with service-enriched housing.
• Type A ProjectskeyStrategic or Co-development Partner · 29 June 2026Developer partner for River Commons $255 million affordable housing project in South Bronx, part of team with L+M Development Partners and BronxWorks.
• L+M Development PartnerskeyStrategic or Co-development Partner · 29 June 2026Developer partner for River Commons project, bringing affordable housing development expertise to the 328-unit South Bronx development.
• BronxWorkskeyStrategic or Co-development Partner · 29 June 2026Service provider and long-term property owner for River Commons, serving the South Bronx community with supportive housing services.
• New York State Homes and Community RenewalcoreStrategic or Co-development Partner · 15 July 2025Provided Low-Income Housing Tax Credit equity for Phase 1A of the East New York housing development, collaborating with HPD on affordable housing financing.
• L+M Development PartnersmajorStrategic or Co-development PartnerLead developer for Brooklyn megaproject - 12-building project creating 2,035 apartments in partnership with HPD, currently in environmental and land use review.
• SMJ DevelopmentmajorStrategic or Co-development PartnerCo-developer with L+M Development Partners on Brooklyn's largest proposed redevelopment creating 2,035 apartments, partnered with HPD.
• NYC Rent Guidelines BoardcoreStrategic or Co-development PartnerHPD coordinates with this independent city board that sets rent increase guidelines for approximately 1 million rent-stabilized apartments.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Los Angeles Housing Department (LAHD): Municipal housing agency for Los Angeles responsible for affordable housing development financing, code enforcement, rent stabilization administration, and tenant protections. Operates as the closest cross-city analogue to HPD in a similarly large and complex housing market.
• DC Department of Housing and Community Development (DHCD): District of Columbia housing and community development agency managing affordable housing production, rental assistance, and tenant protections. A mid-sized municipal peer with a similar mix of preservation, financing, and regulatory functions.
• U.S. Department of Housing and Urban Development (HUD): Federal agency providing Section 8 HCV, project-based rental assistance, and public housing oversight that HPD administers locally. Functions as the upstream funder and regulator of HPD's largest rental assistance programs, shaping HPD's operating constraints and program design.
• Chicago Department of Housing: City of Chicago's housing department administering affordable housing programs, rental assistance, and preservation initiatives. Comparable scope to HPD as a municipal housing agency in another major U.S. housing-constrained city.

Direct peers

• New York State Homes and Community Renewal (NYSHCR): State-level housing agency administering LIHTC, bond financing, and affordable housing oversight across New York. NYSHCR provides the Low-Income Housing Tax Credit equity that powers HPD-financed developments, operating as the state-level parallel to HPD.
• New York City Housing Authority (NYCHA): Sister NYC public housing agency that owns and operates public housing developments serving roughly 1 in 17 New Yorkers. NYCHA and HPD collaborate directly on Transfer of Assistance deals (e.g., Sol on Park) and shared affordable housing pipelines, making it the closest operational peer.
• NYC Housing Development Corporation (HDC): NYC's municipal housing finance agency that issues bonds and provides financing for affordable multifamily housing. HDC co-develops projects with HPD (e.g., Sol on Park, River Commons) and is a core financing partner, making it functionally interchangeable in affordable housing deal structuring.

Regional players

• San Francisco Mayor's Office of Housing and Community Development: San Francisco's housing and community development office administering affordable housing financing and policy in another high-cost coastal city. Comparable function to HPD but at smaller scale and serving a different (West Coast) market.
• Boston Department of Neighborhood Development: Boston's housing and neighborhood development agency overseeing affordable housing production and preservation in another dense Northeast city. Comparable mission profile to HPD though at substantially smaller portfolio scale.
• Philadelphia Department of Planning and Development: Philadelphia's combined planning and development department administering affordable housing programs, zoning, and development review. A regional peer operating affordable housing financing and development oversight functions similar to HPD.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NYCHousing
• YouTubeyoutube.com/nycmayorsoffice
• Facebookfacebook.com/NYCHousing
• Instagraminstagram.com/nycmayor
• LinkedInlinkedin.com/company/nyc-dept.-of-housing-preservation-and-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New York City Department of Housing Preservation and Development