SCHAP - New York City | Parodneck Foundation

SCHAP (Senior Citizen Home Repair Assistance Program)

The Parodneck Foundation’s Home Repair Assistance Program is dedicated to helping low- to moderate-income homeowners maintain safe, secure, and livable homes. We provide financial aid, technical support, and access to trusted resources to address critical repairs, from fixing plumbing and electrical systems to improving accessibility with ramps and grab bars. Our program is tailored to meet the unique needs of each homeowner, ensuring their homes remain safe and comfortable while preserving their independence. By alleviating the financial burden of home repairs, we empower individuals and families to stay rooted in their communities and enjoy the stability they deserve.

What is Aging in Place?

Aging in place is the decision to remain in your home and community as you get older. It can be a way to maintain independence, stay connected to loved ones, and avoid the cost of moving to a retirement home or assisted living facility.

More About SCHAP

Expanding beyond its original focus on seniors, SCHAP now empowers a diverse range of homeowners, reflecting our commitment to creating equitable housing solutions for all. By tackling the unique challenges faced by homeowners across the city, the program strengthens neighborhoods, preserves housing stock, and fosters resilience. Through SCHAP, the Parodneck Foundation continues its mission to uplift communities and ensure that every homeowner has access to the resources they need to thrive.

Our Programs

Home Fix LOAN

HomeFix is a city-sponsored loan program designed to assist eligible low- to moderate-income homeowners in New York City with critical home repairs and improvements. Administered through the NYC Department of Housing Preservation and Development (HPD),....

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SCHAP LOAN

SCHAP staff interview applicants and review their documentation to determine eligibility. If an applicant meets all requirements, the field inspector will inspect the senior’s home to determine what home repair/improvement work is necessary.

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Past Projects

WHO IS ELIGIBLE FOR ASSISTANCE THROUGH SCHAP?

To be eligible, homeowners must reside in any of the five boroughs in the City of New York, be at least 60 years old, and have been an owner-occupant of a one- to four-family home for at least two years. Also, be current with their mortgage loan and NOT have a reverse mortgage on their home. We have expanded this program to include non-senior homeowners but have limit funding.

WHAT LOAN PROGRAMS DOES SCHAP OFFER?

Parodnect Amortizing Loan Fund(RLF)

This product includes low-interest (3%) repayment loans that can be used to cover the costs of home improvements. This loan is repaid monthly over a ten-year (120 months) period. Borrower pays an origination and loan-processing fee of 3% of the principal amount; they remain fully responsible for all applicable recording fees.

Parodneck 10-year Deferred Loan

This product includes interest-free loans, origination and loan-processing fee of 3% of the principal amount for home improvement. Upon the 10th year (120 months) loan anniversary the loan is to be repaid in full.

Affordable Housing Corporation (AHC)

Grant amount is leveraged with one of the above listed loans. For households with less than 112% of Area Median Income; terms vary based on loan amount (2, 5 or 10 years)