NHSNYC offers affordable loans for the purchase of homes, down payment and closing costs assistance, refinancing, and home improvements. The Mitchell-Lama program provides affordable rental and cooperative housing to moderate- and middle-income families.I was hoping to use the directors loan account to help with the deposit. What are the terms of the loan or grant? If you're looking to buy an apartment in NYC, you have to know all about coops. We answer all your questions (and then some!) in this post. Putting some money into your limited company and wondering how to open your director's loan account?