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NYS HFA 4% Low Income Housing Tax Credits

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Status: Available

Type

Capital

Source

State

Procurement Agency

NYS HCR

Summary

HFA 4% Tax Credits are source of equity for affordable housing projects across NYS.

Tenant Eligibility Criteria

Eligible Applicants

Nonprofit or for-profit developers are eligible for funding. Priority is given to nonprofit-developed project applications and to applications that propose projects that utilize state or city-owned land.

Amount

While there is no cap on the amount requested, per-unit costs must be in line with typical local rate structures.

Term

Length of regulatory agreement varies based on the program used. The New Construction Program (NCP) requires a 30 year regulatory period, while the Supportive Housing Opportunity Program (SHOP) requires a 40-year regulatory period.

Network Notes

For More Information

Read more about 4% LIHTC on HFA's website.
Read the 2018 Multifamily Open Window RFP here.

Contact

Leora Jontef
Vice President, Multifamily Finance - New Construction
New York State Homes and Community Renewal
(212) 872-0537
leora.jontef@nyshcr.org 

Last updated: 11/01/2019

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