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NYS HCR Supportive Housing Opportunity Program (SHOP)

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Status: Available

Type

Capital

Source

State

Procurement Agency

NYS HCR

Summary

Supportive Housing Opportunity Program (SHOP) is a statewide capital development program used to finance and build supportive housing. The use of SHOP funding is limited to projects with a service and operating award through Empire State Supportive Housing Initiative (ESSHI) or other local municipal agencies.  SHOP is available through both the Multifamily Finance 9% LIHTC RFP and Multifamily Finance 4% program.

SHOP provides financing assistance for site acquisition, hard costs and related soft costs associated with the new construction of or the adaptive reuse of a non-residential property to affordable integrated supportive housing with on-site social services. Financing is only available for site-specific multifamily rental housing that will have first mortgages financed by tax-exempt or taxable bonds issued by HFA or will receive an award of 9% LIHTC. 

Tenant Eligibility Criteria

SHOP is available to projects for households earning up to 60% AMI, 80% if using LIHTC Income Averaging. 

Supportive units are available to families, individuals and/or young adults who are both homeless and have one or more disabling conditions or other life challenges, including:

Definition of Homeless: In order to be considered homeless for the purposes of this RFP, an individual must meet one of the following criteria:

  1. an un-domiciled person (whether alone or as a member of a family) who is unable to secure permanent and stable housing without special assistance. This includes those who are inappropriately housed in an institutional facility and can safely live in the community and those young adults, survivors of domestic violence, and individuals with I/DD who are at risk of homelessness;
  2. a youth or young adult who left foster care within the prior five years and who was in foster care at or over age 16, and who is without permanent and stable housing;
  3. an adult or young adult reentering the community from incarceration or juvenile justice placement, who was released or discharged, and who is without permanent and stable housing; or
  4. a young adult between the ages of 18 and 25 years of age without a permanent residence.

Eligible Applicants

In New York City, 

Nonprofit corporations or charitable organizations, or a wholly owned subsidiary of such corporations or organizations. 

Rest of New York State:

Preference for nonprofit corporations or charitable organizations, or a wholly owned subsidiary of such corporations or organizations.

Nonprofit Control can be demonstrated by either 100% nonprofit ownership, turnkey projects or a joint venture with at least 51% nonprofit control. 

Amount

Per Unit Maximum Award for projects with HFA bonds financed through the Multifamily Finance 4% program:

Per Unit Maximum Award for projects with HCR 9% LIHTCs financed through the HCR's Multifamily 9% LIHTC RFP:

Term

HCR requires a regulatory agreement of at least 40 years, maximum 50 years.

Network Notes

For More Information

Read the current Fall 2022 HCR SHOP term sheet, for both the 9% and 4% Multifamily programs here.

Contact

Open Window RFP Contact:
New York State Homes and Community Renewal
(212) 872-0537

MulifamilyFinance@nyshcr.org 


Multifamily Finance (9%) RFP Contacts:

Darren Scott, Upstate Director of Development East
(518) 795-5016
darren.scott@nyshcr.org


Counties Served: Albany, Clinton, Columbia, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Herkimer, Jefferson, Lewis, Montgomery, Orange, Oneida, Otsego, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, St. Lawrence, Sullivan, Ulster, Warren, Washington, and Westchester

Leonard Skrill, Upstate Director of Development West and Downstate
(518) 461-6591
leonard.skrill@nyshcr.org


Counties Served: Allegany, Bronx, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Cortland, Delaware, Erie, Genesee, Kings, Livingston, Madison, Monroe, Nassau, New York, Niagara, Onondaga, Ontario, Orleans, Oswego, Queens, Richmond, Schuyler, Seneca, Steuben, Suffolk, Tioga, Tompkins, Wayne, Wyoming and Yates.

Last updated: 11/04/2022

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