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 |