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 Fall 2020 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.
For More Information
Read the Fall 2020 HCR Multifamily Finance (9%) RFP here.
Darren Scott, Upstate Director of Development East
Leonard Skrill, Upstate Director of Development West
Ayanna Wayner, Downstate Director of Development
Leonard Skrill, Upstate Development Director West and Downstate: (518) 461-6591
Last updated: 11/20/2020