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.

Step 1: Gather Documents

Gather the documents below to prepare your loan application:

NHS Emergency Loan Program Document Checklist

It’s important that you bring an estimate from a license and insured contractor to your loan appointment.

English Homeowner Services Intake Form.pdf  

Spanish Homeowner Services Intake Form.pdf

Step 2: Make an Appointment

Request an appointment to make your application with one of the locations below.

NHS of Bedford Stuyvesant
NHS of East Flatbush
NHS of the North Bronx
NHS of the Northern Queens
NHS of the South Bronx
NHS of the Staten Island

At your appointment the Loan Officer will determine your eligibility for the loan and coordinate your next steps Please remember to bring the documents listed above to your appointment including a work estimate from a licensed and insured contractor. Some projects may require our Construction Services Department to conduct site inspections, prepare a scope of work, schedule payments to the contractor and issue certificate of completion.

Step 3: The Loan Process

If your Loan Officer determines that you qualify for the loan, instruct your contractor to submit directly to your NHS Loan Officer their license, Liability Insurance and Workers Comp Insurance. Upon approval of your loan, your Loan Officer will notify you of the closing. At the closing you will agree to the repayment terms of the Emergency Loan and authorize NHS to pay your contractor on your behalf from the loan proceeds. When your contractor has completed the work, NHS will perform a final inspection. Once the NHS Construction Services department indicates that the work is complete and the borrower signs off on the payment, the contractor is paid 90% of the project costs. 30 days later the contractor will receive the remaining 10%.