Housing Loans

HFLS provides interest-free loans of up to $30,000 to help cover the equity payment on Mitchell Lama apartments. Housing Loans are repayable in monthly installments over up to ten years, with the term and monthly repayment amount based on the amount of the loan. Applicants must present their official Mitchell Lama closing letter, listing purchase price and monthly maintenance amount.

For more information about Housing Loans, required documentation, and the HFLS loan process, please view the Mitchell Lama Housing Loans Information Sheet. Contact HFLS at (212) 687-0188 or loan@hfls.org with any questions or to request an application.

The Hebrew Free Loan Society makes interest-free loans to low- and moderate-income individuals and families living in New York City’s five boroughs, Westchester, or Long Island. You can view our income guidelines here.

If you have financial need for an interest-free loan but your household income is higher than the amount listed for your household size, please contact HFLS at (212) 687-0188 or loan@hfls.org to discuss whether you qualify for a loan based on your specific situation.