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Find similar grantsLow-Income Housing Trust Fund (HTF) is sponsored by New York State Homes and Community Renewal (HCR). Provides financing assistance for residential housing including new construction, rehabilitation, and preservation. It is available through the Multifamily Finance 9% LIHTC RFP.
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The New York Housing Trust Fund (NY HTF) program provides funding in the form of grants to eligible applicants to construct low-income housing, rehabilitate vacant or distressed or underutilized residential property, or convert vacant or underutilized non-residential property to residential use for occupancy by low-income homesteaders, tenants, tenant-cooperators, or condominium owners.
The NY HTF also provides seed funding to eligible non-profit applicants who need financial assistance to develop a full HTF project application. NY HTF projects must be located in blighted, deteriorated, or deteriorating areas as determined by New York State Homes and Community Renewal (HCR) and defined by statute.
The vacancy requirement does not apply to one- and two-unit residential properties if rehabilitation creates at least one additional unit. Funding is limited to $125,000 per unit and project sponsors must ensure long-term use (15 to 30 years) by low-income persons. Up to 10 percent of a NY HTF award can be used for a community service facility.
The NY HTF is administered along with several other programs by the Housing Trust Fund Corporation, an entity related to HCR.
* Scale: Medium Scale (between 1,000 and 4,999 units) * Timeframe: 1985 - Present * Occupancy Tenure: Rental, Homeownership * Construction Type: Rehabilitation, New Construction, Non-residential Conversion * Building Type: One- to Four-family, Multi-family * Developer/Owners: For-profit, Non-profit, Government * Geographic Restrictions: Projects must be located in an area which is blighted, deteriorated or deteriorating, or has a blighting influence on the surrounding area, or is in danger of becoming a slum or blighted area.
* Income: Households must have an annual income of up to 80 percent of Area Median Income (AMI).
According to the current listing, eligibility includes: Eligible applicants are units of local government, non-profit corporations, and Public Housing Authorities. HTF funding can only be used for households with income up to 90% AMI outside of NYC; up to 80% in NYC. Confirm the full requirements in the official notice before applying.
The current listing shows up to $115,000 per unit in NYC, Nassau, Suffolk, Westchester, and Rockland; $100,000 per unit in the rest of NYS. Per project maximum in NYC, Nassau, Suffolk, Westchester, and Rockland is $8,500,000 and $6,500,000 in rest of NYS. Anticipated funding for the latest round is $42 million. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Low-Income Housing Trust Fund (HTF) is funded by New York State Homes and Community Renewal (HCR). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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