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.
Term
Minimum 30-year regulatory agreement.
Network Notes
- 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 2019 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) 485-7608
New York City and Long Island Regional Office
25 Beaver Street, 7th Floor
New York, NY 10004
(212) 480-4543
Maria Kolaitis, Downstate Director of Development: (212) 872-0506
Western & Central New York Regional Office
535 Washington Avenue, Suite 105
Buffalo, New York 14203
Leonard Skrill, Upstate Development Director (West): (716) 847-3926
Last updated: 10/16/2019