Housing Trust Fund (HTF) provides financing assistance residential housing including new construction, rehabilitation and preservation. It is available through the Multifamily Finance (9%) program
Tenant Eligibility Criteria
HTF funding can only be used for households with income up to 90% AMI outside of NYC; up to 80% in NYC.
Nonprofit or for-profit developers are eligible to apply.
Per unit maximum award up to $125,000 per unit, to a maximum of $2.4 million per project. Refer to the 2020 New York State Annual Action Plan for the maximum award per residential FHTF unit, which varies by geography and unit size.
Minimum 30-year regulatory agreement.
Per the Summer 2020 HCR Multifamily Finance (9%) RFP, the anticipated funding for this program is $15 million.
- Approximately $42 million in HTF is available in the 2019 Multifamily Financing RFP is only available for site-specific multifamily rental housing.
- HTF is frequently used as a subsidy for 9% LIHTC projects, but occasionally funds.
For More Information
Read the Summer 2020 HCR Multifamily Finance (9%) RFP here.
Eastern New York Regional Office
Hampton Plaza, 38-40 State Street, 6th Floor
Albany, New York, 12207
Darren Scott, Upstate Development Director East: (518) 795-5016
Western & Central New York Regional Office
535 Washington Avenue, Suite 105
Buffalo, New York 14203
Leonard Skrill, Upstate Development Director West and Downstate: (518) 461-6591
Last updated: 07/20/2020