The New York State Housing Finance Agency is a public benefit corporation created in 1960 to finance low- and moderate-income rental housing. HFA issues taxable and tax-exempt bonds to provide mortgage loans to developers of affordable multifamily rental housing.
HFA's mission is to create and preserve high quality affordable multifamily rental housing that serves communities across the State of New York.
Multifamily Development Financing
HFA offers financing to for-profit and not-for-profit developers to build affordable housing and preserve existing affordable housing, including Mitchell Lama developments. The links below provide details about these programs: