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Home How We Can Help Details A low-interest rate loan, for down payment and closing cost assistance, is available for first-time homebuyers to avoid Private Mortgage Insurance (PMI) and whose income is no greater than 120% of the area median income (AMI) based on family size (see chart below). The loan may be for up to $75,000 and is subject to program underwriting guidelines. Funds from CDLI can be combined with borrowers’ own funds for up to 20% financing to avoid PMI. Eligible borrowers must have a commitment for a fixed rate first mortgage through a NYS-approved lender. All borrowers are required to complete CDLI’s NeighborWorks Home Buyer Education Program. The interest rate is fixed (4%, 4.25%, & 4.5%), set according to loan size, and subject to change. The maximum term of the loan cannot exceed the term of the first mortgage financing. The home must be owner-occupied, and the property type must be a co-op, condominium, single-family, or legal two-family located in Nassau or Suffolk County. The purchase price cannot exceed $500,000. Total combined loan-to-value (including all sources of secondary financing) must not be greater than 105% of the appraised value. All loans will be secured with a mortgage, and the income of all household members will be used to determine eligibility. There is a $120 nonrefundable application fee. Nassau & Suffolk County 2024 NY State AHC income limits Vs "uncapped" income limits 2024 HUD Area Median Income: $156,200 Nassau & Suffolk FY 2024 Household Size -> 1 2 3 4 5 6 7 8 90% $40,000 $97,969 $111,964 $125,960 $139,955 $151,152 $162,348 $173,544 $184,741 100% $32,500 $109,340 $124,960 $140,580 $156,200 $168,696 $181,192 $193,688 $206,184 110% $32,500 $119,837 $136,956 $154,076 $171,195 $184,891 $198,586 $212,282 $225,978 120% $25,000 $131,208 $149,952 $168,696 $187,440 $202,435 $217,430 $232,426 $247,421 Requirements First-time Homebuyer Income must be no greater than 120% of the area median income based on family size Have a commitment for a fixed rate mortgage through a NYS-approved lender The homeowner must occupy the home The property must be a co-op, condominium, single-family, or legal two-family located in Nassau or Suffolk County Purchase price at or under $500,000 Total combined loan-to-value (including all sources of secondary financing) must not be greater than 105% of the appraised value Pay a $120 nonrefundable application fee AMI is established by HUD and changes every year. If you believe your household income is over the threshold when accounting for family size, please do not make your own individual underwriting decision. Please call our office to talk to a loan officer. Contact Info Phone: (631) 471-1215 ext. 1510 or 1930 Email: homeloan@cdcli.org Disclosure CDLI Funding Corporation is a Community Development Financial Institution, certified by the U.S. Treasury Department. CDLI is recognized by NeighborWorks America as an “exemplary organization.” We are a HUD approved housing counseling agency and a chartered member of NeighborWorks America. Take Action Apply today! Apply Down Payment and Closing Cost Assistance A low-interest rate loan for down payment and closing costs.

Home How We Can Help Details Landlord Forum December 13, 2024 at 10:30 AM| Virtual Webinar Register Now List Your Unit Let us help you fill your vacant units! Complete the electronic form to share any available units with searching voucher holders (one unit per form). Click here for the form. NSPIRE Requirements for 2025 NSPIRE REQUIREMENTS .pdf Download PDF • 217KB The Housing Choice Voucher (HCV) program (previously referred to as Section 8) assists families and individuals to afford decent, safe, and sanitary housing in the private market. The participant is free to choose any housing that meets the requirements of the program, including single-family homes, townhouses, and apartments, and is not limited to units located in subsidized housing projects. Once the tenant and landlord sign a lease, the tenant's family typically contributes 30%-40% of their income towards rent and utilities, and the HCV program pays the remainder directly to the landlord. CDLI is the Local Administrator for the New York State Homes & Community Renewal (HCR) Housing Choice Voucher program on Long Island and select rental properties in Brooklyn, NY. Benefits of Being an HCV Participating Property Owner: You will get timely and dependable payments from the Public Housing Authority (PHA) Participating, compliant landlords will receive timely and dependable housing assistance payments (HAP) each month once the HAP contract and lease are signed. Payments are made directly into the property owner’s account, no worries about lost checks or late payments. Potential for limited unit turnover The average HCV participant remains in a unit for 7-8 years. You will get your full rental payment When an HCV tenant’s income permanently changes, the portion of rent paid by the PHA and the tenant is adjusted to reflect this change. This provides financial protection to landlords in that if an HCV tenant’s income decreases, there is a process for the PHA to pay a larger portion of the rent to the landlord so the landlord continues to receive a full rental payment. You will receive regular inspections Some landlords appreciate the routine inspections because they provide an opportunity to check on the condition of the unit. This can result in identifying maintenance needs that may have otherwise gone unnoticed for some time. Landlords that own or manage properties across wide geographies in particular tend to appreciate the value in having a routine, objective inspection of their rental units. Please note property owners of subsidized units are required to comply with all relevant state and local codes in addition to HQS requirements. If a property owner has units in a municipality where rental permits are required, it is expected that property owners obtain and maintain compliance with all applicable rental permit requirements. CDLI may, upon request, require submission of documentation to demonstrate rental permit or other state/local code compliance. You may request annual reasonable rent increases Compliant landlords may request a rent increase at the annual anniversary of the HAP contract by written notice to the PHA. You can help low-income elderly, disabled, and veteran households, as well as families with children by providing affordable housing More than 50 percent of vouchers serve elderly or non-elderly disabled families. About 45 percent of vouchers assist single-parent families. Learn more about participating in the HCV Program: Information about the benefits and myths about being an HCV Property Owner: English Spanish Steps to become an HCV Participating Property Owner: English Spanish Payment Standards and Rent Increase Information The resources below provide information regarding potential rental rates and rent increases for units participating in the HCV program. Please read through the HCV Program Payment Standard and Rental Increase Guidance document to assist in determining potential rent or opportunities for rental increases. NYE Payment Standards Nassau Payment Standards Suffolk Payment Standards NYC Utility Allowances Village of Freeport Utility Allowances Nassau Utility Allowances Suffolk Utility Allowances Project Based Vouchers ONLY Nassau/Suffolk PBV Rent Limits NYE PBV Rent Limits Rent Increase Form Rent Increase Form .pdf Download PDF • 136KB Making Moves The Making Moves program provides housing mobility coaching and financial assistance to Housing Choice Voucher (Section 8) families that have children aged 18 or under who are interested in living in well-resourced areas and offers possible additional landlord incentives. Visit our Making Moves page here . Click here to view The Long Island Opportunity Lookup tool. Source of Income Discrimination Everyone deserves a place to make their home, including tenants who receive government assistance. A rental applicant cannot be rejected or steered based on their lawful source of income. Learn more here: https://www.homeforallofus.org/source-of-income/ Housing Quality Standards (HQS) Inspections Resources Property owners must maintain compliance with all HQS requirements. Please note property owners of subsidized units are required to comply with all relevant state and local codes in addition to HQS requirements. If a property owner has units in a municipality where rental permits are required, it is expected property owners obtain and maintain compliance with all applicable rental permit requirements. CDLI may, upon request, require submission of documentation to demonstrate rental permit or other state/local code compliance. Below are some resources related to HQS inspections: HQS Form: Form utilized to complete HQS inspections, along with summary information regarding minimum criteria. https://www.hud.gov/sites/dfiles/OCHCO/documents/52580A.PDF HQS Administrative Plan Chapter: Full HQS requirements. https://www.hud.gov/sites/documents/DOC_35620.PDF Most Common HQS Failures: Reviewing your property and correcting for common HQS failures reduces the likelihood of a failed inspection. No Access - The Inspector must have access to the basement and all rooms for inspection. Inspection appointment letters are mailed to tenants ~2 weeks prior to inspection. Please follow up with the tenant to confirm their typical inspection month and/or date. Electrical - Ground Fault Circuit Interrupter (GCFI) outlets are required within 6 ft of water sources (Tubs, sinks, etc.). Outlets must be wired properly (no open grounds, reverse polarity, hot/neutral reverse, etc.). No exposed wiring, missing cover plates, or open gaps in the electrical panel. Inoperable Smoke/Carbon Monoxide Detectors - Smoke detectors are required in each bedroom. Smoke and carbon monoxide detectors are required on each level. Deteriorated and Unstable Paint Surfaces - Peeling, cracking, chipping paint. Security - All doors and windows accessible from outside must lock and be double keyed. Deadbolts not permitted. Cutting Hazards - Broken glass, cracked floor tiles, countertops, protruding nails, etc. Infestations - Presence of roaches, mice, bedbugs, fleas, etc. Utilities - All utilities must be in service. Missing Handrails - Handrails are required for four or more steps. Update your Contact Information Stay connected electronically by providing your email and mobile: https://cdcli.tfaforms.net/4866621 HUD Landlord Resources PIH HCV Landlord Resources | HUD.gov / U.S. Department of Housing and Urban Development (HUD) Sign Up for HUD Landlord Newsletters: https://www.hud.gov/subscribe/signup?listname=Landlord&list=LANDLORD-L Contact Info Phone: (631) 471-1215 Email: landlordforum@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Contact us today! Contact Us Housing Choice Voucher (Landlords) Providing affordable housing in our communities while receiving timely and dependable rental payments.

Home How We Can Help Details The Weatherization Assistance Program (WAP) assists families and individuals by reducing their heating/cooling costs and improving the safety of their homes through energy efficiency measures. Owners/landlords of buildings occupied by low-income households are also encouraged to apply for assistance for their buildings. Participants who reside in a rental unit, please call our office to obtain a copy of the Landlord Preliminary Agreement for your landlord to fill out and sign. Program services are delivered through New York State Homes and Community Renewal’s statewide network of local service providers. CDLI is the provider of weatherization services for Nassau and Suffolk Counties. Funds are made available through the U.S. Department of Energy and U.S. Department of Health & Human Services. Funds are available for approximately 400 homes each year. Applications are addressed on a first-come, first-served basis. If an application is incomplete or determined to be ineligible, you will be notified within 48 hours. Typical repairs may include but are not limited to: Weatherstripping & Caulking Attic & Wall Insulation Heating System Improvements or Replacement Energy Efficient Lighting Energy Efficient Refrigeration Hot Water Tank & Pipe Insulation Smoke Detectors & CO Detectors Window Repairs or Replacement Exterior Door Repairs or Replacement Other Minor Repairs That Improve Energy Efficiency Guidelines Weatherization Assistance Program Guidelines 2024 -2025 .pdf Download PDF • 1.12MB Application WAP Application .pdf Download PDF • 2.42MB Contact Info Phone: (631)-597-0098 Email: weatherization@cdcli.org Disclosure All repairs are determined after a comprehensive energy audit has been completed by one of CDLI’s BPI-certified Building Analysts. None of the above repairs are guaranteed. All services are provided without charge or obligation to the occupant of the home. However, owners of rental buildings are required to invest funds toward the cost of the Weatherization services. Take Action Contact us before applying. Contact Us Weatherization Assistance Program Energy efficiency measures that reduce costs and improve safety.

Home How We Can Help Details To further CDLI's mission of increasing investment in neighborhoods, protecting the assets of homeowners, and protecting the environment, a low-interest rate loan product with zero application fees, and zero closing costs is now available to assist with the installation of a Suffolk County approved septic system replacement! This new loan from CDLI is made available in conjunction with the Suffolk County Septic Improvement Program. Under the Suffolk County Septic Improvement Program, homeowners may apply for a grant from Suffolk County to assist with the cost of replacing outdated and failing septic systems with state-of-the-art nitrogen reducing systems designed to reverse decades of damaging nitrogen pollution of ground and surface waters. CDLI will then make its low interest loan available, if the homeowner is in need of additional funds to cover the costs of installing the new system. These loans are made available with NO application fees and NO closing costs. The purpose of the loan is to provide “gap” funds to finance the difference between the Suffolk County grant and the contract amount needed to install the replacement septic system. Loan amounts cannot exceed $10,000. Remember: The purpose of the loan is to provide gap funds to finance the difference between the grant provided by Suffolk County and the contract amount needed to install the septic replacement system (up to $10,000). Requirements 1. Apply for Suffolk County Grant If you have not already, apply for the Suffolk County grant APPLY HERE 2. Suffolk County Grant Certificate Obtain a Suffolk County Grant Certificate indicating the amount of your Suffolk County grant. 3. Check if you are pre-qualified To assist in installer selection, you may want to be pre-qualified. APPLY HERE 4. Determine Final Installation Cost Obtaining an engineer’s report to determine appropriate system Interviewing installers and obtain a quote Filing all applicable permits and determine all associated costs Contact us if you need help 5. Determine Eligible Loan Amount Final Installation Cost minus the amount of the Suffolk County Grant equals the Eligible Loan Amount (up to a maximum of $10,000) Apply for the Septic Replacement Loan Once you've completed steps 1 through 5 apply for the loan. You can always contact us for help. Contact Info Phone: (631) 471-1215 ext. 1510 or 1930 Email: homeloan@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Apply for CDLI Septic Loan program Apply Septic Replacement Loan Program A low-interest rate loan to update failing septic systems.

Home How We Can Help Details Preparation for homeownership starts long before the purchase takes place. CDLI will help you to become mortgage-ready by educating you about the buying process, pitfalls to avoid, and available funding opportunities. CDLI can help make your dream become a reality. Buying a home can be challenging especially for a first-timer. Whether you are ready to buy a home right away, or whether you need additional preparation, the team at CDLI will help you through every step of the way! Learn more about our First Time Homebuyer program: First Time Home Buyer Orientation For an informational session about this program, register for a virtual free First Time Homebuyer Orientation. First Time Homebuyer Orientation January 21, 2025, 6:30 – 8:30 PM| Virtual Webinar Register Now Create Your Account If you are ready to jump into your education, create an account to view our programs and register for classes. Contact Info Phone: (631) 471-1215 ext 1580 Email: homeownershipcenter@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Create Your Account Click Here First Time Home Buyer Take charge of your home-buying journey with the guidance of CDLI.

Home How We Can Help Details CDLI has been selected by New York State Homes and Community Renewal to administer an Affordable Home Ownership Development (AHOD) Home Improvement Program in Nassau and Suffolk Counties. Funds are made available through the New York State Affordable Housing Corporation. The Long Island Home Improvement Program provides income-eligible households the resources to make necessary repairs that will correct basic structural defects or repair basic building systems that threaten, or if not corrected could threaten, the health and safety of the dwelling’s residents. These home improvements are designed to prolong the useful life of each home as well as increase the dwelling’s health, safety, and sustainability. Funds are available based on need and on meeting the individualized needs of each household that applies. CDLI attempts to assist as many households as funding will allow. Due to the high demand for this program, there is currently a waitlist of approximately 2 years. Typical repairs may include but are not limited to: Heating System Replacements Electrical Service Upgrade Roof Replacement Siding Gutters Energy Efficiency Windows & Doors Handrails, Stoops, & Walkways Structural Correction Health & Safety Measures Requirements Program Guidelines: HIP-Guidelines .pdf Download PDF • 731KB Required Forms: HIP-Required-Forms .pdf Download PDF • 282KB Verification of Non-Filing: Verification-of-Nonfiling-1 .pdf Download PDF • 74KB Asset Checklist: Asset-Checklist .pdf Download PDF • 76KB Contact Info Phone: (631) 471-1215 ext. 1020 Email: lihip@cdcli.org Disclosure Please note that all repairs are determined after a comprehensive home evaluation has been completed by one of CDLI’s Rehabilitation Specialists. Take Action Apply today! Apply Long Island Home Improvement Program Are you finding it difficult to make needed repairs to your home.

Home How We Can Help Details In collaboration with Home HeadQuarters, a nonprofit entity based in Syracuse, NY, CDLI offers loan packaging for potential buyers looking to acquire a manufactured home. CDLI staff will educate potential applicants on the loan process and take their applications. Home HeadQuarters’ staff will process and underwrite the loan. Contact Info Phone: (631) 471-1215 ext. 1510 or 1930 Email: homeloan@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Contact us! Contact Us Manufactured Home Loan packaging for acquiring a manufactured home.

Home How We Can Help Details The Making Moves program provides housing mobility coaching and financial assistance to Housing Choice Voucher (Section 8) families that have children aged 18 or under who are interested in living in well-resourced areas and offers possible additional incentives. (English Version) (Spanish Version) Every family deserves all the opportunities Long Island has to offer. We are committed to supporting your housing search and moving you into the community of your choice. Click here to view The Long Island Opportunity Lookup tool. Contact Info Phone: 631-597-0742 Email: makingmoves@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Fill out our interest form. Interest Form Making Moves Provides housing mobility coaching and financial assistance to Housing Choice Voucher families.

Home How We Can Help Details Many seniors have significant home equity that could be used to help pay for everyday high expenses or medical bills. This financial product has received mixed coverage over the years, but in the right situation, it can make a lot of sense to tap into the equity in your home. The HECM program (short for Home Equity Conversion Mortgage) provides a great way to do this. Learn more about our Home Equity Conversion Mortgage: Requirements Receive counseling before taking out this loan Create Your Account Here. Contact Info Phone: (631) 471-1215 ext 1580 Email: homeownershipcenter@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Create Your Account Click Here Reverse Mortgage Have your equity help pay for your everyday high expenses.

Home How We Can Help Details eHome Money Management empowers you to: Understand Savings and Spending Understand Credit Manage Personal Finances Class fee $25. Contact Info Phone: (631) 471-1215 ext 1580 Email: Homeownershipcenter@cdcli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. Take Action Register Now Register Now Online Financial Capabilities Education Understand budgeting, credit and manage personal finances.