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NY State Low-Income Housing Tax Credit Program (SLIHC)

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Status: Available

Type

Capital

Source

State

Procurement Agency

NYS HCR

Summary

SLIHC provides a dollar-for-dollar state tax reduction for investors in qualified low-income housing. 

Tenant Eligibility Criteria

At least 40% of total units must be for households with income up to 90% AMI.

Eligible Applicants

Nonprofit or for-profit developers are eligible to apply.

Amount

Per Project Maximum Award: Up to $750,000 for projects with at least 10% of units targeted to households with an income limit above 60% AMI, otherwise up to $500,000.

Per Residential Unit Maximum Award: Up to $20,000 per housing unit with a household income up to 90% AMI.

Term

The property must remain in service for 15 years, after which the corporation formed may seek refinancing and/or transfer the project to the nonprofit partner/developer.

Network Notes

For More Information

Read the 2018 Multifamily Open Window RFP here

Read the 2018 Unified Funding RFP here

Contact

Open Window RFP Contact:
Mark Flescher
New York State Homes and Community Renewal
(212) 872-0493
mark.flescher@nyshcr.org 

Unified Funding RFP Contacts:

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

New York City Regional Office
25 Beaver Street, 7th Floor 64
New York, NY 10004, (212) 480-4543

Buffalo Regional Office
Electric Building, Suite 105
535 Washington Avenue
Buffalo, New York 14203
Leonard Skrill, Upstate Director of Development: (716) 847-3926

Syracuse Regional Office
620 Erie Boulevard West, Suite 312
Syracuse, New York 13204

Last updated: 08/27/2019

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