Mayor Bill de Blasio has included $5.7 million in the NYC preliminary budget, to fund a basement apartment pilot program, starting in East New York.
The funding would be used to bring basement apartments to code, as a way to increase affordable housing options in New York City, by 5,000 units.
The program, which will begin February 2018, would assist building owners with making their basement apartments legal living spaces, through subsidized basement conversion financing.
We will post updates as they become available.
Iam interested to pesebre more on the legalizing a basement can í get more information please
We will provide additional information on EastNewYork.com as the information becomes available.
Good evening I’m in the process of purchasing a building in East New York. Can you sent me more information
on the legalizing basement pilot program. How can i get financing to assistance and what requirement to participate.
What are the requirement in Queens, NYC, are they similar ?