Supportive Housing Projects for High Cost Medicaid Populations
New York State Homes and Community Renewal (HCR)
Total Annual Award
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.
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.
Limited to $200,000 per unit.
Project sponsors must ensure long-term (15-30 years) use by low-income and/or very low-income persons.
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.
Last updated: 04/06/2015
Did you know…
In one Los Angeles program, formerly homeless individuals decreased their public and hospital costs from $63,808 when homeless to $16,913 when housed.