The goal of the Supportive Housing Preservation Program is to provide financing strategies for the preservation and improvement of existing, permanent supportive housing.
Tenant Eligibility Criteria
Projects must comply with all income, occupancy and rent restrictions outlined in current and any supplemental regulatory agreements or other applicable subsidy program terms (for example, HCR’s Senior Housing Program).
Existing permanent supportive housing projects with on-site services, including HHAP and OMH-funded projects, are eligible. All projects must have a service and operating award or plan currently in place. Projects comprised of at least 50% supportive housing units will have priority.
Borrowers may be nonprofit corporations or charitable organizations, or for-profit developers. Priority will be given to nonprofits. Nonprofit status can be demonstrated by 100% nonprofit control, turnkey projects, of joint ventures with majority nonprofit control.
Up to $150,000 per supportive unit.
Expected minimum permanent term of 30 years.
For More Information
See Term Sheet
For Western New York, Finger Lakes and Southern Tier Region proposals: Leonard Skrill: email@example.com.
For Downstate, Mid-Hudson, Capital, Central New York, Mohawk Valley and North Country Region proposals: Darren Scott: firstname.lastname@example.org.
For New York City, Westchester, Rockland and Long Island Region proposals: Ross Karp: email@example.com
Last updated: 09/15/2023