Categories: Funding
07.18.2013
HCR to offer $43M in capital funding, $29M in tax credits
NYS Homes & Community Renewal (HCR) has released details on its 2013 Unified Funding Round Request for Proposals (RFP) for its 2013 capital and credit programs.
The RFP, expected to come online by August 16, will offer $43 in capital funding and $29 million in tax credits to develop affordable and supportive housing.
This year's funding round will have two application deadlines. The first deadline is for early round projects, which meet criteria that will be detailed in the RFP. The second deadline will be for all other capital projects. The application for early round projects must be completed and submitted by 5:00pm on October 10, 2013. All other Unified Funding Round capital applications must be completed and submitted by 5:00pm on December 5, 2013.
Capital funding will include funding for the Housing Trust Fund ($32 million), the NYS HOME Program ($5.5 million), the Community Investment Fund ($5.1 million), the Rural Area Revitalization Projects ($500,000) and the Urban Initiatives Program ($500,000).
Tax credit funding will include $25 million for Federal Low Income Housing Tax Credits and $4 million for State Low Income Housing Tax Credits.
HCR will host three application workshops in early September for this RFP. Dates, locations and times are as follows:
New York City
Tuesday, September 10 at 10:30am
25 Beaver St., Room 510
Albany
Monday, September 9 at 10:00am
Hampton Plaza Ballroom
38-40 State Street
Rochester
Wednesday, September 4 at 10:00am
Rochester City Council Chambers
City Hall - Room 302
30 Church St.
For more information, please contact the Network's Albany office at 518-465-3233.