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Find similar grantsNew York State Community Investment Fund (CIF) is sponsored by New York State Homes and Community Renewal (HCR). Provides funding for the development of affordable housing, including permanent supportive housing, in underserved communities across New York State.
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NYS HCR Rural and Urban Community Investment Fund (CIF) | Funding Guide | Supportive Housing Network of New York NYS HCR Rural and Urban Community Investment Fund (CIF) NYS HCR's Rural and Urban Community Investment Fund (CIF) funds supports the creation, preservation, and improvement of affordable housing and the commercial, retail, and community facilities that serve the needs of affordable housing residents.
CIF is available through both the Multifamily Finance 9% LIHTC RFP and the Multifamily Finance 4% program. New construction, adaptive reuse, or rehabilitation of multifamily rental affordable housing and mixed-use projects (both currently unregulated housing of 5 to 20 units and existing regulated housing). Only available when not used with 4% or 9% Low Income Housing Tax Credits.
New construction, adaptive reuse, or rehabilitation of a retail, commercial, or community facility component of an HCR-regulated affordable housing development Tenant Eligibility Criteria For both residential and non-residential uses, at least 70% of the units must have a household income limit up to 90% AMI. Nonprofit and for-profit developers are eligible to apply for funding. Per Project Maximum Award: $2 million.
Up to $60,000 per housing unit for affordable housing preservation. There is a minimum 10-year regulatory agreement for non-residential space and a minimum 30-year regulatory term for residential units or coterminous with other HCR regulatory agreement. Per the Fall 2024 HCR Multifamily Finance 9% RFP, the anticipated funding for this program is $10 million.
Childcare centers, healthcare facilities, grocery stores or supermarkets, youth services, job training organizations and/or other community facilities are a priority in 2023. CIF is a combination and expansion of two former programs: Urban Initiatives (UI) and Rural Area Revitalization Projects (RARP). CIF can be used to build in office and service delivery space for the supportive housing agency in a supportive housing project.
60% of the CIF funding to urban areas and 40% to rural areas of the State. Rural areas are cities, towns and villages having a population of less than 25,000 people. See the CIF term sheets, the Multifamily Finance 9% LIHTC RFP here and the Multifamily Finance 4% program, here .
Multifamily Finance 4% LIHTC/Bond Contact: New York State Homes and Community Renewal MulifamilyFinance@nyshcr. org Multifamily Finance 9% LIHTC RFP Contacts: Darren Scott, Upstate Director of Development East Counties Served: Albany, Clinton, Columbia, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Herkimer, Jefferson, Lewis, Montgomery, Orange, Oneida, Otsego, Putnam, Rensselaer, Saratoga, Schenectady, Schoharie, St.
Lawrence, Sullivan, Ulster, Warren and Washington. Leonard Skrill, Upstate Director of Development West leonard. skrill@nyshcr.
org Counties Served: 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. Ross Karp, Downstate Development Director Counties Served: Bronx, Kings, New York, Nassau, Queens, Richmond, Rockland , Suffolk, Westchester.
According to the current listing, eligibility includes: Nonprofit organizations, local governments, and housing authorities. Confirm the full requirements in the official notice before applying.
New York State Community Investment Fund (CIF) 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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