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HPD's strategies for supporting existing homeowners and creating new homeownership opportunities

1:49:19

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152 sec

Commissioner Carrión outlines HPD's three-pronged strategy for supporting homeownership in New York City.

  • Focus on retaining and stabilizing existing homeowners to prevent the flight of moderate and middle-income families.
  • Create new opportunities for homeownership through programs like down payment assistance.
  • Finance models like OPEN DOOR to create cooperative and condominium opportunities for families.
  • Balance the commitment to homeownership with the overwhelming need for affordable rentals in the city.