HCR Open Window RFP released

New York State Homes and Community Renewal (HCR) is making available a variety of financing options and programs through this single, Open Window Request for Proposals (RFP) and Notice of Credit and Funds Availability (NOCFA) to encourage, in a manner that ensures its quality and affordability, a wide range of affordable housing including new construction, adaptive reuse of non-residential buildings, and preservation of existing housing. The RFP can be found here: http://www.nyshcr.org/Funding/OpenWindow/2017/2017_HCR_Multifamily_Open_Window_RFP.PDF

There is $175 Million targeted towards the Supportive Housing Opportunity Program (SHOP). These funds can be used along with awards from the current Empire State Supportive Housing Initiative  (ESSHI) RFP.  The ESSHI RFP was announced last week.

The HCR Open Window RFP financing options that are available are: 

Program

Anticipated Funding

New Construction Programs

New Construction Capital Program (NCP)

Up to $90 million

Supportive Housing Opportunity Program (SHOP)

Up to $175 million

Middle Income Housing Program (MIHP)

Up to $25 million

Federal Housing Trust Fund (Federal HTF)

Up to $7 million

Preservation Programs

Public Housing Preservation Program (PHP)

Up to $100 million

Multifamily Preservation Program (MPP)

Up to $30 million

House NY Mitchell-Lama Program (HML)

Up to $69.2 million

Mitchell-Lama Loan Program (MLLP)

Up to $30 million

Programs for New Construction and Preservation

Homes for Working Families (HWF)

Up to $16.7 million

State Low Income Housing Credit (SLIHC)

Up to $4 million

Rural and Urban Community Investment Fund (CIF)

Up to $44.9 million

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