New York State Homes and Community Renewal
New York

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.

Funding Source
General revenue
Funding Year
FY 2022-2023
Program Status
Active
State Funding
$16,000,000
Total Funding
$16,000,000
Website
https://hcr.ny.gov/system/files/documents/2020/11/hcr-rural-and-urban-community-investment-fund-term-sheet-november-2020.pdf
Contact
Brett Hebner New York State Homes and Community Renewal [email protected] 518-486-6538
How Provided?
Development bonds
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Capital resources
Income Eligibility Threshold
90% AMI or less
Duration
Affordability period is 30 years
Info Source
Interview with program administrator
Last Updated
4/21/23 14:38
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements