NYSHCR promotes the new construction and renovation of affordable housing throughout the state by offering a variety of opportunities to builders and contractors. Builders and contractors of multifamily rental properties may inquire about HFA's multifamily financing and subsidy options. Rehabilitation standards are established to promote a better place to live by supporting community efforts to preserve and expand affordable housing, home ownership and economic opportunities, and by providing equal access to safe, decent and affordable housing.
Builders and contractors can also partner with municipal governments and nonprofit 'grantees' that receive AHC grants to build new homes and make necessary repairs to existing homes. To take part in these partnerships, builders and contractors should contact eligible applicants or current grantees.
The New York State Housing Finance Agency (HFA) Affordable Rental Housing Program provides funding support for the following Multi Family Projects.
Capital Programs
Community Investment Fund (CIF)
Farmworker Housing Program (FWH)
Housing Development Fund (HDF)
Legislative Member Item Program (MIP)
Low-Income Housing Trust Fund Program (HTF)
New York State HOME Program (HOME)
Rural Rental Assistance (RRAP)
Tax Credit Programs
Low-Income Housing Credit (LIHC)
New York State Low-Income Housing Tax Credit (SLIHC)
