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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 Spring 2021 Term Sheet 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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