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Supportive Housing Projects for High Cost Medicaid Populations

Status

Closed

Type

Capital

Source

State

Procurement Agency

New York State Homes and Community Renewal (HCR)

Total Annual Award

$25 million.

Tenant Eligibility Criteria

Populations that are eligible for funding under the MRT Capital Program include:

  • Those categories that receive funding through the MRT Supportive Housing Allocation Plan;
  • Populations covered under NY/NY III;
  • Populations covered by other federal, state and/or municipal funding streams that provide social service funding for high need and high cost Medicaid recipients.

Eligible Applicants

HCR is seeking proposals from development teams that include service providers who have awards funded through the Medicaid Redesign Team (MRT) Supportive Housing Allocation Plan, the NY/NY III Agreement or from other federal, state and municipal funding streams that provide social service funding for high need and high cost Medicaid recipients, to develop multifamily supportive rental housing projects either through new construction or the gut rehabilitation of vacant buildings.

Funding Award Details

Funding will be awarded to develop multifamily supportive rental housing projects either through new construction, or the gut rehabilitation of vacant buildings.

Applications may be submitted between July 1, 2014 and January 31, 2015 or until all funds offered are committed.

Amount Details

Limited to $200,000 per unit.

Term

Project sponsors must ensure long-term (15-30 years) use by low-income and/or very low-income persons.

Network Notes

Successful applicants and their service providers will be expected to work with the NYS Department of Health or another state agency to help track tenant Medicaid costs.

HCR anticipates that fundable projects will receive either 4% tax credits from the NYS Housing Finance Agency or 9% tax credits from the NYC Department of Housing Preservation & Development (HPD) or capital from NYC HDC. This HCR funding will be used as gap filler.

Potential applicants are required to meet with HCR staff listed below to discuss the proposal before submitting an application.

For More Information

The RFP is available here.

Richard Brown
Multifamily Finance
HCR
(212) 872-0389
rbrown2@nyshcr.org

Last updated: 04/06/2015

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