PROGRAMS & SERVICES
 
 

Emergency Loan Programs

Are you a homeowner or a landlord in need of financing for emergency repairs? NHS can help! NHS has Emergency Loan programs for: (1) Owner occupants of 1-4 family homes; and (2) Owners of 5-20 residential units or mixed-use properties. In general, NHS provides approvals on Emergency loans within 3-5 business days from time of application.

The Emergency Loan for 1-4 Unit Owner Occupants provides homeowners with loans and grants to repair water main, boiler, sewer lines, sidewalk violation, roof, plumbing, electrical and eliminate conditions dangerous to health and safety. Other emergency repairs may apply. The maximum loan amount is $10,000, with low interest rates and a maximum term of 5 years.

The Emergency loans for 5-20 unit Residential and Mixed–Use buildings - Landlord One is an emergency loan for small property owners, corporations, non-for profit owners, investor, corporations and owner occupants of 5-20 units building in the five boroughs of New York City. Mixed-use buildings qualify as long as the loan is used to repair residential units or systems that affect the residential units. The interest rate to 5% (APR of 6.25%). The maximum loan amount is $25,000 which is available in increments of $10,000, $15,000, $20,000 and $25,000. The funds can be used to: replace building wide systems; eliminate code violations; upgrade vacant apartments; eliminate dangerous health and safety conditions and other essential repairs.