NYS HCR Multifamily Open Window RFP 2018
On June 21, 2018, HCR released its Multifamily Open Window RFP. Applications will be accepted throughout the year with a final due date of March 31, 2019.
The Multifamily Open Window RFP includes programs that work as subsidy with 4% "as-of-right" LIHTCs, but several may be used in capital-only projects. HCR matches 4% LIHTCs with its Supportive Housing Opportunity Program (SHOP) and other subsidies to develop supportive housing projects. Additionally, agencies that have been awarded Empire State Supportive Housing Initiative service and operating grants have priority for HCR SHOP funding.
This $697 million affordable housing capital funding opportunity in this RFP consists of twelve different funding programs. These include:
New Construction Programs
Senior Housing Program: $50 million
Public Housing Preservation Program: $46 million
Mitchell-Lama Program: $86 million
Programs for New Construction & Preservation
Small Building Participation Loan Program: $20 million
Vice President, Multifamily Finance – New Construction
New York State Homes and Community Renewal
The RFP is available here.