NYS HCR 9% Low-Income Housing Tax Credits

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Status: Available





Procurement Agency



HCR 9% Low-Income Housing Tax Credits (LIHTC) are competitively allocated to affordable housing projects across NYS.  Eligible uses are for residential only or residential with Community Service Facility; new construction, building acquisition with rehabilitation, and rehabilitation including adaptive reuse of non-residential property.

Tenant Eligibility Criteria

Low-income households earning up to 60% AMI (80% AMI for projects with LIHTC income averaging). Must meet one of the following requirements:

  1. 20% of the units must be set-aside for household earning up to 50% AMI;
  2. 40% of the units must be set-aside for households earning up to 60% AMI; or
  3. 25% of the units must be set-aside for household earning up to 60% AMI where allowable under the IRC (i.e. NYC only); or
  4. Projects proposing income averaging must meet the following parameters:


Per the state's Qualified Allocation Plan (QAP), there are scoring incentives for projects serving tenants that have special needs such as homelessness, mental illness, substance abuse, domestic violence, and physical disabilities.

Eligible Applicants

Nonprofit and for-profit developers are eligible to apply. 


Per project maximum award:

Per unit maximum award:


50-year minimum term regulatory agreement.

Network Notes

RFP Release  September 15, 2023
Funding Round Presentation  October 6, 2023
Deadline to submit questions Prior to Application Deadline
Design Waivers Due October 17, 2023 at 3:00 PM ET
Register users/emails for drop box October 20, 2023 at 3:00 PM ET
Deadline to request TA session, Design Unit occupied rehabilitation package due, and/or LIHTC/SLIHC fee deferral October 18, 2023 at 3:00 PM ET
Deadline to submit applications November 7, 2023 at 11:59 PM ET


For More Information

Read the Fall 2023 HCR Multifamily Finance 9% LIHTC RFP here

The HCR 9% LIHTC term sheet is 


Multifamily Finance 9% LIHTC RFP Contacts:

Darren Scott, Upstate Director of Development East
(518) 795-5016

Counties Served: Albany, Clinton, Columbia, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Herkimer, Jefferson, Lewis, Montgomery, Orange, Oneida, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, St. Lawrence, Sullivan, Ulster, Warren and Washington.

Leonard Skrill, Upstate Director of Development West
(518) 461-6591 

Counties Served: Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Cortland, Delaware, Erie, Genesee, Livingston, Madison, Monroe, Niagara, Onondaga, Ontario, Orleans, Oswego, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne, Wyoming and Yates.

Ross Karp, Downstate Development Director

(212) 872-0395 

Counties Served: Bronx, Kings, New York, Nassau, Queens, Richmond, Rockland, Suffolk, Westchester.

Last updated: 10/03/2023

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