Small and Mixed Use Properties in Brooklyn, NY

Below is information about financial and incentive programs available for owners of small and mixed used properties.  For further assistance, please contact Lori Raphael, director of real estate & development, at 718-875-1000 ext. 140, or lraphael@brooklynchamber.com.

Reconstruction Loan - The Bank of New York

For mixed-use properties with at least one commercial unit.  Loan-to-value ranges from primary residence (90%), to business owners (80%), to investors (75%).

The New Partners Program - HPD

Program provides loans to owners to renovate small buildigns where a portion of the building is vacant or the units are in need of rehabilitation.  The program focused on buildings with existing commercial tenants and vacant residential space above.  HPD will provide up to $40,000 per unit for rehabilitation in buildings with up to 20 residential units.