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.
Minimum 30-year regulatory agreement., Maximum 40-year regulatory agreement.
Per the Winter 2022 HCR Multifamily Finance (9%) RFP, the anticipated funding for this program is $25 million.
- HTF is frequently used as a subsidy for 9% LIHTC projects, but occasionally funds a capital only project.
For More Information
Read the Winter 2022 Term Sheet here.
Darren Scott, Upstate Director of Development East
Leonard Skrill, Upstate Director of Development West
Ayanna Wayner, Downstate Director of Development
Last updated: 02/27/2022