Code Compliance Loan Program

The Code Compliance Loan Program provided financing to owners who were unable to obtain loans in the private market for buildings occupied by low-income tenants. The program provided $7,500 per unit at a one-percent interest rate to landlords. However, the loans could only be used for replacing a single major operating system, such as updating the boiler system, or removing existing code violations.

Program Information

• Scale: Small Scale (between 1 and 999 units)
• Timeframe: 1999 - 2001
• Occupancy Tenure: Rental
• Construction Type: Rehabilitation
• Building Type: Multi-family
• Developer/Owners: Non-profit, For-profit
• Income: Low-income