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NYS HOME Investment Partnership Program

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Status: Available

Type

Capital

Source

Federal

Procurement Agency

NYS HCR

Summary

The NYS HOME program will fund hard costs and acquisition related soft costs for permanent supportive housing and affordable housing.

Tenant Eligibility Criteria

HOME rental projects must serve households with incomes at or below 60% of area median income (AMI). There are scoring incentives for projects in which 15% or more of the units are set aside for special needs populations including homeless, mentally ill, substance abuse, domestic violence and physically disabled individuals and families.

Eligible Applicants

Nonprofit and for-profit developers are eligible to apply.

Amount

Maximum of $2.4 million per project, except for Housing Opportunity Projects.

Term

The project must remain in service for a term of 30 years.

Network Notes

For More Information

See HCR's Term Sheet here.

Contact

Multifamily Finance (9%) RFP Contacts:

Darren Scott, Upstate Director of Development East
(518) 795-5016
darren.scott@nyshcr.org

Leonard Skrill, Upstate Director of Development West
(518) 461-6591
leonard.skrill@nyshcr.org

Ayanna Wayner, Downstate Director of Development
(212) 872-0506
ayanna.wayner@nyshcr.org

Last updated: 08/16/2021

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