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NYS HCR Housing Trust Fund

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Status: Available

Type

Capital, Pre-development/Acquisition

Source

State

Procurement Agency

NYS HCR

Summary

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.

Eligible Applicants

Nonprofit or for-profit developers are eligible to apply.

Amount

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. 

Term

Minimum 30-year regulatory agreement.

Network Notes

For More Information

Read the Summer 2020 HCR Multifamily Finance (9%) RFP here.

Contact

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

Darren.scott@nyshcr.org

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

Leonard.skrill@nyshcr.org

Last updated: 07/20/2020

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