Menu

NYS HCR Rural and Urban Community Investment Fund (CIF)

« Back

Status: Available

Type

Capital

Source

State

Procurement Agency

NYS HCR

Summary

NYS HCR's CIF program funds non-residential space in HCR funded residential projects.

Tenant Eligibility Criteria

For Open Window, at least 70% of the units must have a household income limit up to 90% AMI. 

For Unified Funding, housing units up to 60% AMI.

Eligible Applicants

Nonprofit and for-profit developers are eligible to apply for funding if projects meet any of the following citeria:

Amount

Per Project Maximum Award: $2 million. Up to $60,000 per housing unit for affordable housing preservation.

Term

There is a minimum ten year regulatory agreement for non-residential space. Regulatory period may be longer in order to be co-terminus with the regulatory term of residential units. 

Network Notes

For More Information

Read the 2018 Multifamily Open Window RFP here

Read the 2018 Unified Funding RFP here.

Contact

Open Window RFP Contact:

Leora Jontef
Vice President, Multifamily Finance - New Construction
New York State Homes and Community Renewal
(212) 872-0537
leora.jontef@nyshcr.org

Unified Funding RFP Contacts:

Capital District Regional Office
Hampton Plaza, 6thFloor
38-40 State Street
Albany, New York, 12207
Darren Scott, Upstate Development Director East: (518) 485-7608
Counties Served: Albany, Clinton, Columbia, Delaware, Dutchess, Essex, Fulton, Greene, Hamilton, Montgomery, Orange, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, Sullivan, Ulster, Warren and Washington.

New York City Regional Office
25 Beaver Street, 7th Floor 64
New York, NY 10004, (212) 480-4543
Paula Friday, Supervising Project Manager (212) 480-7158
Counties Served: Bronx, Kings, New York, Queens, Richmond, Nassau, Suffolk, Rockland and Westchester.

Buffalo Regional Office
Electric Building, Suite 105
535 Washington Avenue
Buffalo, New York 14203
Leonard Skrill, Upstate Director of Development: (716) 847-3926
Counties Served: Allegany, Cattaraugus, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orleans, Schuyler, Seneca, Steuben, Wayne, Wyoming and Yates

Syracuse Regional Office
620 Erie Boulevard West, Suite 312
Syracuse, New York 13204
Leonard Skrill, Upstate Director of Development: (716) 847-3926
Counties Served: Broome, Cayuga, Chenango, Cortland, Franklin, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence, Tioga and Tompkins.

Last updated: 08/30/2019

« Back