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NYS HCR Middle Income Housing Program (MIHP)

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Status: Available

Type

Capital

Source

State

Procurement Agency

NYS HCR

Summary

HCR's MIHP provides gap financing to developments funded by the Supportive Housing Opportunity Program (SHOP) and New Construction Capital Program (NCP). 

Tenant Eligibility Criteria

Households with income up to 130% AMI.

Eligible Applicants

Nonprofit and for-profit developers are eligible to apply. Program priorities are:

  1. Provide housing opportunities in high economic growth areas and/or areas served by high-performing school districts.
  2. Encourage middle income households to live in economically challenged areas.
  3. Stabilize neighborhoods that are between economically vibrant and economically challenged communities.

Amount

Per-Residential Unit Maximum Award for the Multifamily Open Window:

Per-Residential Unit Maximum Award for the Unified Funding Round: Up to $200,000

Term

50 years. 

Network Notes

For More Information

Read the Spring 2021 RFP here

Contact

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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