NYC Legalized Basement Apartment Program Starting in East New York

Posted By NYC Newswire

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.

Content Distributed by: NYC Newswire

4 thoughts on “NYC Legalized Basement Apartment Program Starting in East New York

  1. Victor Holliday Reply

    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.

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