Investing in affordability, believing in you!
HomeOwnership Lending provides loans for affordable housing ownership in co-op buildings. We are a mission-driven, CDFI-certified and licensed lender serving New York City and beyond with a true not-for-profit purpose.
We offer loans to purchasers of income restricted cooperatives and those that are subsidized by federal, state and city agencies. Unlike most lenders, we know how your affordable loans need to be structured to meet your needs and the needs of limited-equity co-ops. Our loans are structured for the individual, and to be as affordable as possible to the demographic served.
The Lending You Home program provides low-cost loans for purchasers in limited-equity housing co-ops, such as Mitchell-Lamas and HDFCs. Because of our decades of experience in affordable housing, we believe in you as a valuable part of your community. The Lending You Home program was designed with a specific understanding of our borrowers.
Our loans are appropriately sized to meet your affordability needs:
• Personalized service
• Fixed interest rate
• 15 year term
• Low closing costs
• No hidden fees
• Fast approval
• Purchase & refinance loans
• Average loan size: $25k
• Se habla Español
UHAB | The Urban Homesteading Assistance Board
Founded in 1973, UHAB empowers low- to moderate-income residents to take control of their housing and enhance communities by creating strong tenant associations and lasting affordable co-ops.
NCB | National Cooperative Bank
NCB’s mission is to support and be an advocate for America’s cooperatives and their members, especially in low-income communities, by providing innovative financial and related services.
LISC | Local Initiatives Support Corporation
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.