New York State Homes and Community Renewal
New York

HCR’s Mitchell-Lama Program provides gap financing for the preservation of State or City supervised Mitchell-Lama developments, including those that are a part of HFA’s acquired portfolio. As part of the State’s commitment to increase and preserve the number of affordable housing opportunities for its residents, HCR makes capital available for the preservation and improvement of these properties.

Funding Source
General revenue
Funding Year
FY 2022-2023
Program Status
Active
State Funding
$24,000,000
Total Funding
$24,000,000
Website
https://www.nyc.gov/site/hpd/services-and-information/mitchell-lama-program.page
Contact

Brett Hebner New York State Homes and Community Renewal [email protected] 518-486-6538

How Provided?
Development loans
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 40 years
Info Source
Interview with program administrator
Last Updated
4/2/24 16:10
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

Extremely low-income households (income less than 30% AMI); Very low-income households (income less than 50% AMI); Elderly