The Low-Income Housing Trust Fund (HTF) provides financing assistance for residential housing including new construction, rehabilitation and preservation. It is available through the Multifamily Finance 9% LIHTC RFP.
HTF funding can only be used for households with income up to 90% AMI outside of NYC; up to 80% in NYC.
Nonprofit or for-profit developers are eligible to apply.
Per unit maximum award up to $115,000 per unit in NYC, Nassau, Suffolk, Westchester and Rockland. $100,000/per unit in the rest of NYS.
Per project maximum in NYC, Nassau, Suffolk, Westchester and Rockland is 8,500,000 and $6,500,000 in rest of NYS.
Minimum 30-year regulatory agreement., Maximum 40-year regulatory agreement.
Read the Fall 2024 HCR Multifamily 9% Low Income Housing Trust Fund Term Sheet here .
Multifamily Finance 9% LIHTC RFP Contacts:
Darren Scott, Upstate Director of Development East
(518) 795-5016
darren.scott@nyshcr.org
Counties Served: Albany, Clinton, Columbia, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Herkimer, Jefferson, Lewis, Montgomery, Orange, Oneida, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, St. Lawrence, Sullivan, Ulster, Warren and Washington.
Leonard Skrill, Upstate Director of Development West
(518) 461-6591
leonard.skrill@nyshcr.org
Counties Served: Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Cortland, Delaware, Erie, Genesee, Livingston, Madison, Monroe, Niagara, Onondaga, Ontario, Orleans, Oswego, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne, Wyoming and Yates.
Ross Karp, Downstate Development Director
Last updated: 08/08/2024