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NYS HCR Multifamily Preservation Program (MPP)

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Status: Available

Type

Capital

Source

State

Procurement Agency

NYS HCR

Summary

HCR's MPP provides financing for the preservation and improvement of rental properties located throughout New York State. 

Tenant Eligibility Criteria

No specific population or income requirements.

Eligible Applicants

Owners of site-specific multifamily rental housing under a regulatory agreement with HCR or another state, federal, or local housing agency. Rehabilitation work must include the replacement of a minimum of two major building systems.

Amount

Per Unit Maximum Award: $50,000.

Term

Minimum 40 year regulatory agreement through the Open Window RFP or 30 years through the Unified Funding RFP.

Network Notes

For More Information

Read the 2018 Multifamily Open Window RFP here. See term sheet here.

Read the 2018 Unified Funding RFP here.

Contact

Open Window RFP Contact:

Roger Harry
Vice President, Multifamily Finance - Preservation
New York State Homes and Community Renewal
(212) 872-0506
roger.harry@nyshcr.org

Unified Funding RFP Contacts:

Capital District Regional Office
Hampton Plaza, 6thFloor
38-40 State Street
Albany, New York, 12207
Gary VanWormer, Project Manager: (518) 474-5323
Darren Scott, Upstate Development Director East: (518) 485-7608
Counties Served: Albany, Clinton, Columbia, Delaware, Dutchess, Essex, Fulton, Greene, Hamilton, Montgomery, Orange, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, Sullivan, Ulster, Warren and Washington.

New York City Regional Office
25 Beaver Street, 7th Floor 64
New York, NY 10004, (212) 480-4543
Paula Friday, Project Manager (212) 480-7158
Counties Served: Bronx, Kings, New York, Queens, Richmond, Nassau, Suffolk, Rockland and Westchester.

Buffalo Regional Office
Electric Building, Suite 105
535 Washington Avenue
Buffalo, New York 14203
Leonard Skrill, Upstate Director of Development: (716) 847-3926
Counties Served: Allegany, Cattaraugus, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orleans, Schuyler, Seneca, Steuben, Wayne, Wyoming and Yates

Syracuse Regional Office
620 Erie Boulevard West, Suite 312
Syracuse, New York 13204
Leonard Skrill, Upstate Director of Development: (716) 847-3926
Lois Holden, Senior Project Manager: (315) 478-7179 x 219
Kathleen Karpinski, Senior Project Manager: (315) 478-7179 x 217
Counties Served: Broome, Cayuga, Chenango, Cortland, Franklin, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence, Tioga and Tompkins.

Last updated: 08/29/2019

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