Open Door and Affordable Homeownership Opportunity Program Overview

3:30 PM - 4:20 PMWed

Registration Required

Your registration must include one of the required registration options to attend this session. [ Details ]

Speakers

Olga Jobe

President

AHRES Consulting, LLC

Arielle Hersh

Director of Policy and New Projects

UHAB

Alice Friedman

Director of Open Door & Neighborhood Construction Program

NYC Department of HPD

Madeline Fletcher

Vice President, Small & Mid-Size Development

NYS Homes & Community Renewal

Erica Buckley

Partner

Nixon Peabody LLP

Sponsors

Nixon Peabody LLP

At Nixon Peabody, we deliver sophisticated legal services to our clients and our communities by combining high performance, entrepreneurial spirit, deep engagement, and an unwavering commitment to a culture of collaboration, diversity, and humanity.

Documents

Open Door and Affordable Homeownership Opportunity Program Presentation

AHOP Term Sheet

Open Door Term Sheet

This session will provide a detailed overview of the term sheets for two homeownership financing options under the City’s Open Door Program and the State’s Affordable Homeownership Opportunity Program. The panel will be comprised of government representatives from HPD and DHCR, as well as developer representatives who are actively using each of the financing tools to advance affordable homeownership. The program will cover eligible applicants, equity requirements, eligible housing models, participating co-lenders, and tax incentives commonly used in conjunction with both programs for homeownership deals.