NYS HCR 2018 Unified Funding RFP

This competitive housing capital award process includes the following funding sources:

There are several changes that will be significant to supportive housing developers in 2018:

  • An increase in the project and per unit rate for 9% LIHC in New York City from $22,000 per unit to $27,000 per unit and the 9% LIHC per project cap increased from $1.43 million to $2 million per project

  • Income averaging, allowing some units to be affordable to 80% AMI

  • Bifurcation of State Low Income Tax Credit from other tax credits

HCR’s annual statewide live presentations on the new RFP has been replaced with a one-time webinar, scheduled for September 20, 2018 at 1:00 PM.  More information is available here.

Other Key Deadlines:

  • October 18: Deadline for Early Award applications

  • November 15: Deadline for Early Award ESSHI projects

  • December 19: Deadline for Standard Award Applications

To access the RFP directly go HERE.