HCR seeks to engage development partners in the production and preservation of rental housing in areas of the State with unmet need to repair or replace housing damaged by Superstorm Sandy, Hurricane Irene, and Tropical Storm Lee (Covered Storms) by investing the financing resources identified herein. On behalf of the Governor’s Office of Storm Recovery (GOSR), HCR anticipates making available allocations of $12,000,000 under the New York Rising Rental Buildings Recovery Program Affordable Housing Fund (AHF). These are federal Community Development Block Grant – Disaster Recovery (CDBG-DR) funds provided to New York State and administered through the Housing Trust Fund Corporation (HTFC). The national objectives of the Affordable Housing Fund is to develop viable communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income people. This funding can be applied towards the acquisition, rehabilitation, reconstruction and/or new construction of affordable multifamily rental housing. Allowable costs may also include the clearing, demolition and removal, and site work for development of multifamily properties. All projects must demonstrate a clear connection or nexus to one of the Covered Storms, as described in the priorities for this RFP. This Notice of Funding Availability (NOFA) and Request for Proposals (RFP) describes the programmatic and submission requirements for this program. CDBG Disaster Recovery RFP 2018
Disaster Recovery Multifamily
Applicants may only apply under this RFP for awards for new construction, substantial rehabilitation and moderate rehabilitation of site-specific multi-family rental housing (the Projects) that will also have first mortgages financed by tax-exempt Private Activity Bonds (PAB) issued by the New York State Housing Finance Agency (HFA). Any awards made under this RFP will be contingent on the project receiving an award of PAB volume cap authority sufficient to fund the Project’s first mortgage and to allow for a construction closing by June 30, 2018.
This RFP explains the process by which HCR/GOSR will accept and evaluate applications requesting AHF. After a determination has been made, unsuccessful Applicants may request an exit conference with HCR/GOSR staff to review their application.
The RFP is organized as follows:
- Section I, Introduction and General Information
- Section II, AHF Application Deadline and General Requirements, provides additional information on application submission methods
- Section III, AHF Program, provides a more detailed description of the AHF Program
- Section IV, AHF General Review, Threshold Requirements, Priorities and Competitive Criteria, provides a more detailed description of the AHF Selection criteria
- Section V, AHF Pre-application Requirements, describes requirement for pre-application meeting
- Section VI, Application Processing Steps, provides information on processing of applications submitted in response to this RFP
- Section VII, Contacts for Further Information, provides contact information for relevant HCR and GOSR staff for Applicants to access technical assistance in preparing applications.
HCR reserves the right to award all, a portion of, or none of the AHF program funds based upon funding availability, readiness, feasibility of the Projects, the Applicant’s ability to meet HCR criteria for funding, and the Applicant’s ability to advance the State’s housing goals. Furthermore, HCR reserves the right to review applications requesting AHF project funds as an application for funding under other programs for which the Project may be eligible through HCR, and to change or disallow aspects of the applications received. HCR reserves the right to make any such changes as an expressed condition of its award commitment for the Project.
HCR will seek to award these limited AHF resources in a manner that promotes a statewide geographic distribution of this financing in areas with housing damaged by one or more of the Covered Storms. Pursuant to the Multi-Family Affordable Housing Fund February 7, 2018 CDBG - Disaster Recovery Notice of Funding Availability and Request for Proposals for Projects Financed by Tax-exempt Private Activity Bonds and 4% Low Income Housing Tax Credits:
CDBG Disaster Recovery RFP and 4% LIHTC
All funding in this RFP will be made available in the following storm-impacted counties:
Notice of Availability of Federal Funds
Developers seeking financing for new construction, and substantial rehabilitation of site-specific, affordable, multifamily rental housing in communities impacted by Superstorm Sandy, Tropical Storm Lee, or Hurricane Irene, (the “Covered Storms”) that will also have first mortgages financed by tax-exempt Private Activity Bonds issued by New York State Housing Finance Agency (“HFA”) are eligible to apply for New York Rising Rental Buildings Recovery Program Multifamily/Affordable Housing Fund (AHF). AHF utilizes federal Community Development Block Grant – Disaster Recovery (CDBG-DR) funds provided to New York State and administered through the Housing Trust Fund Corporation (HTFC). New York State Homes and Community Renewal (HCR) and the Governor’s Office of Storm Recovery (GOSR) anticipate an appropriation of approximately $5,000,000 for State Fiscal Year 2018-19, which will be awarded pursuant to applications submitted under this Notice. Applications will be accepted through March 9, 2018 for allocations totaling up to $5,000,000. However, AHF resources in excess of these amounts may be awarded if such additional funding is deemed necessary to meet exceptional needs related to recovery from one or more of the Covered Storms. Housing Projects within the five Boroughs of New York City will not be considered for funding as New York City received its own allocation of CDBG-DR. Applications will be accepted for projects located in the following counties with housing damaged by one or more of the Covered Storms: Albany, Broome, Chemung, Chenango, Clinton, Columbia, Delaware, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Herkimer, Montgomery, Nassau, Oneida, Orange, Otsego, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Suffolk, Sullivan, Tioga, Tompkins, Ulster, Warren, Washington, and Westchester. Learn More About Federal Funds
CDBG Disaster Recovery Application 2018
Applications requesting AHF may be submitted at any time between February 7, 2018 and March 9, 2018, or until all allocations of AHF are committed, whichever is sooner. Notwithstanding resource availability, applications must be received by HCR by 5:00 pm EST, on March 9, 2018. The application deadline is firm as to date and hour. Applications received after the specified dates and time will be deemed ineligible and will not be considered for funding. Applicants are advised to make early submission of their applications to avoid risks of ineligibility resulting from unanticipated delays or other delivery-related problems. Prior to application submission, HCR personnel listed at the end of this RFP are available to answer questions from prospective Applicants. HCR/GOSR retains the right to waive any requirement contained in this RFP, subject to the applicable statutes and program regulations. HCR/GOSR also retains the right to revise this RFP from time to time, extend the submission due date, to not award all of its funds, and to issue subsequent RFPs. All Proposals must comply with all Federal, State and local laws, including rules and regulations specific to CDBG-DR. CDBG-DR rules and regulations include labor, environmental, green building standards, accessibility, and equal employment opportunity. Davis-Bacon wage rates and compliance requirements will apply to all developments with 8 or more units. CDBG Disaster Recovery Application 2018