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Federal Housing Trust Fund (Federal HTF)

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Status: Available

Type

Capital, Pre-development/Acquisition

Source

Federal

Procurement Agency

NYS HCR

Summary

Federal Housing Trust Fund (FHTF) provides financing assistance for development acquisition, hard, and related soft costs, and operating cost assistance/reserves in projects that serve extremely low-income households.

Tenant Eligibility Criteria

HTF funding can only be used for households with income up to 30% AMI. Other City and State programs may be used to fund other levels of affordability within the project. At least 50% of the total units in the project must be affordable to households with incomes up to 60% AMI.

Eligible Applicants

Nonprofit or for-profit developers are eligible to apply.

Amount

Per unit maximum award varies from $85,000 to $200,000, depending on unit size and geography. Refer to the 2016 New York State HTF Allocation Plan for more detail. 

Term

Minimum 30-year regulatory agreement.

Network Notes

For More Information

Read the 2018 Multifamily Open Window RFP here

Read the 2019 HCR Multifamily Finance (9%) RFP here.

Contact

Open Window RFP Contact:

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

Multifamily Finance (9%) RFP Contacts:

Eastern New York Regional Office
Hampton Plaza, 38-40 State Street, 6th Floor
Albany, New York, 12207
Darren Scott, Upstate Development Director East: (518) 485-7608

Darren.scott@nyshcr.org

New York City and Long Island Regional Office
25 Beaver Street, 7th Floor
New York, NY 10004
(212) 480-4543 
Maria Kolaitis, Downstate Director of Development: (212) 872-0506

Maria.kolaitis@nyshcr.org

Western & Central New York Regional Office
535 Washington Avenue, Suite 105
Buffalo, New York 14203
Leonard Skrill, Upstate Development Director (West): (716) 847-3926

Leonard.skrill@nyshcr.org

Last updated: 10/16/2019

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