Overview
New York State Homes and Community Renewal (HCR) issues its Multifamily Finance 9% LIHTC Request for Proposals (RFP) once a year, and applications are accepted for a limited time following its release. Applicants may request 9% Low-Income Housing Tax Credits (9% LIHTC) and various other financing programs through this RFP process. Please refer to the RFP and accompanying materials for details, including available resources, application deadlines, project eligibility, and submission requirements.
All applicants must have attended a Technical Assistance session with HCR staff for the proposed project within 12 months prior to application submission.
RFP and Term Sheets
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Rural and Urban Community Investment Fund Term Sheet
A summary of the financing terms and requirements for CIF projects administered by HCR. It explains interest rates, loan conditions, and project expectations.
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Questions and Answers
Applications Received
Qualified Allocation Plan
Part 2040 Low-Income Housing Credit Qualified Allocation Plan:
9 Percent LIHTC Qualified Allocation Plan (effective 6/11/2025)
Section 2040.14 New York State Low-Income Housing Tax Credit Program:
SLIHC Regulation (effective 6/11/2025)
HCR Application Presentation
Related Materials
HCR ADVISORY: NYC 15/15 PROJECT SUBMISSION REQUIREMENT (Revised August 20, 2025)
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Design Guidelines 2025
Standards and requirements for project design to ensure quality and program compliance (updated periodically).
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