Multifamily
Financing Programs
Explore HCR financing programs that support the construction, preservation, and rehabilitation of affordable multifamily housing throughout New York State. Funding options include tax-exempt bonds, subsidy loans, 4% and 9% Low-Income Housing Tax Credits (LIHTC), and the Rural and Urban Community Investment Fund (CIF).
Bond/Subsidy Financing and 4% LIHTC
Term sheets & application materials for tax-exempt bonds or low-interest loans.
Access federal tax credits for housing projects funded by tax-exempt bonds.
Multifamily Finance 9% LIHTC
The RFP is currently closed, and applications are not being accepted.
Program information for financing affordable multifamily rental housing.
A technical assistance session is required for all RFP applicants.
View forms for use by Multifamily Finance 9% LIHTC awardees.
Rural and Urban Community Investment Fund
The Rural and Urban Community Investment Fund (CIF) supports mixed-use development by funding eligible retail, offices, and community centers in or near HCR-funded affordable housing projects. CIF may also be used to preserve existing affordable housing in rural areas.
Multifamily
Standards and Guidance
Access the standards, policies, and guidance that support successful multifamily housing development projects. Also find design and sustainability guidelines, compliance resources, fair housing information, and site suitability standards to meet program and affordability requirements.
Design and Sustainability Guidelines
The HCR Design and Sustainability Guidelines set minimum standards for quality, function, and durability for projects funded by HCR’s Multifamily Finance Programs, including tax-exempt bonds, 4% LIHTC, 9% LIHTC, SLIHC, and all subsidy programs.
All projects applying for and utilizing HCR’s Multifamily Finance Programs must comply with the Design Guidelines and the applicable Sustainability Guidelines (New Construction, Existing Building, or Preservation), or obtain waivers for any particular requirements that cannot be met.
Equity and Compliance Information
Access support and resources for minority, women, and veteran-owned businesses.
Get information on housing rights and protections under state and federal law.
Explore guidance and resources to keep tenants safe from lead exposure.
Explore neighborhood data using the Neighborhood Resource Index (NRI) map.
Make sure your project site meets state environmental justice standards.
Follow energy efficiency standards to help reduce carbon emissions.
Additional Guidance
HCR Average Income Minimum Set-Aside Guidance
SLIHC Transfer Information
Contact Us
For assistance determining eligibility for HCR’s Multifamily Development Programs and general inquiries about the application process, please contact the Development Director assigned to the county in which the proposed project is located.
| Region | Contact | Counties Served |
|---|---|---|
| Upstate East | Darren Scott [email protected] 518-795-5016 | Albany, Clinton, Columbia, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Herkimer, Jefferson, Lewis, Montgomery, Oneida, Orange, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, St. Lawrence, Sullivan, Ulster, Warren, and Washington. |
| Upstate West | Leonard Skrill [email protected] 518-461-6591 | Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Cortland, Delaware, Erie, Genesee, Livingston, Madison, Monroe, Niagara, Onondaga, Ontario, Orleans, Oswego, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne, Wyoming and Yates. |
| Downstate | Ross Karp [email protected] 212-872-0395 | Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk, and Westchester. |