New York City Department of Housing Preservation and Development
- Company typePublic
- Founded1978
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
New York City Department of Housing Preservation and Development firmographics
Firmographics- 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
New York City Department of Housing Preservation and Development industry classification
Industry- 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
Where New York City Department of Housing Preservation and Development is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
New York City Department of Housing Preservation and Development business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure
Distribution channels3 records
Marketing channels3 records
New York City Department of Housing Preservation and Development product offering
Product offeringCore 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
Companies that use New York City Department of Housing Preservation and Development
Customer profileSegments5 records
Ideal customer profiles6 records
New York City Department of Housing Preservation and Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
New York City Department of Housing Preservation and Development partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, key and major.
- NYC Health + HospitalscorePublic-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)coreCollaborated 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)coreCo-developed Sol on Park project with HPD and NYCHA, providing innovative financing through the Transfer of Assistance program for 229 affordable senior homes.
- NRP GroupkeyCo-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 GroupkeyCo-developer of Sol on Park, bringing mission-driven affordable housing development expertise for seniors with on-site supportive services.
- Foxy ManagementkeyCo-developer of Sol on Park, contributing to the sixth senior housing project in Foxy's portfolio with service-enriched housing.
- Type A ProjectskeyDeveloper 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 PartnerskeyDeveloper partner for River Commons project, bringing affordable housing development expertise to the 328-unit South Bronx development.
- BronxWorkskeyService provider and long-term property owner for River Commons, serving the South Bronx community with supportive housing services.
- New York State Homes and Community RenewalcoreProvided 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 PartnersmajorLead developer for Brooklyn megaproject - 12-building project creating 2,035 apartments in partnership with HPD, currently in environmental and land use review.
- SMJ DevelopmentmajorCo-developer with L+M Development Partners on Brooklyn's largest proposed redevelopment creating 2,035 apartments, partnered with HPD.
- NYC Rent Guidelines BoardcoreHPD 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
New York City Department of Housing Preservation and Development competitors and assessment
Company assessmentBroad 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
New York City Department of Housing Preservation and Development social profiles
Digital presenceNew York City Department of Housing Preservation and Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
New York City Department of Housing Preservation and Development leadership team
Management profileNumber of profiles
Profiles1 record
New York City Department of Housing Preservation and Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New York City Department of Housing Preservation and Development M&A and investment
M&A and investmentM&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
What does New York City Department of Housing Preservation and Development do?
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.
Is New York City Department of Housing Preservation and Development a public or private company?
New York City Department of Housing Preservation and Development is a public company. It is classified as state government owned and is currently operating.
When was New York City Department of Housing Preservation and Development founded?
New York City Department of Housing Preservation and Development was founded in 1978. It employs 1,001 to 5,000 people.
Where is New York City Department of Housing Preservation and Development based?
New York City Department of Housing Preservation and Development is headquartered in New York, United States, in the North America region.
Who are New York City Department of Housing Preservation and Development's main competitors?
Broad incumbents on record are Los Angeles Housing Department (LAHD), DC Department of Housing and Community Development (DHCD), U.S. Department of Housing and Urban Development (HUD) and Chicago Department of Housing. Direct peers are New York State Homes and Community Renewal (NYSHCR), New York City Housing Authority (NYCHA) and NYC Housing Development Corporation (HDC). Regional players are San Francisco Mayor's Office of Housing and Community Development, Boston Department of Neighborhood Development and Philadelphia Department of Planning and Development.
Does New York City Department of Housing Preservation and Development have an API?
No public API is recorded for New York City Department of Housing Preservation and Development.
What industry is New York City Department of Housing Preservation and Development in?
New York City Department of Housing Preservation and Development's product category is Government Housing Services. Its primary akta.pro industry code is BPAIANAA, Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing), with a secondary code of BPAIANAB, Housing Development, Construction & Rehabilitation Programs. Its NAICS code is 925110 and its SIC code is 8300.