Homes and Community Renewal is tasked with providing financing opportunities for the new construction, preservation and adaptive reuse of quality housing across the state.
Working together with private, public and nonprofit partners, HCR is able to deploy the state’s resources to create safe, healthy and affordable housing opportunities for all New Yorkers. The HCR Multifamily Finance 9% RFP is a competitive process used to award 9% Low-Income Housing Tax Credits and subsidy financing to sponsors proposing affordable and supportive multifamily housing projects that address a wide range of needs identified as part of the state’s housing goals. The application materials provided below include documents that applicants need to apply for funds. Applicants should refer to the RFP and program Term Sheets to determine eligibility and submission requirements for each program.