Mitchell Lama Housing

Our Mitchell Lama Housing program helps low- and moderate-income, middle-aged immigrants from the Former Soviet Union purchase Mitchell Lama limited-equity co-ops. The program offers loans of up to $30,000 (but no more than 80% of the purchase price of the Mitchell Lama apartment), repayable over up to 10 years.

Prospective borrowers must have entered the United States as a refugee or parolee and have received an official Mitchell Lama closing letter listing purchase price and monthly maintenance. Both cosigners must have aggregate family income of at least $50,000 and a FICO score of at least 700.

Additional documents beyond those listed under How to Apply are required for this loan program. Please contact HFLS at 212-687-0188 or to learn more.