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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 HTF 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 oly 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 Open Window RFP here.

Read the 2016 New York State HTF Allocation Plan 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: 08/29/2019

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