New York State Homes and Community Renewal
New York

The Housing Trust Fund Program was established under Article XVIII of the Private Housing Finance Law (PHFL) to help meet the critical need for decent, affordable housing opportunities for people of low income. HTF provides funding to eligible applicants to construct low-income housing, to rehabilitate vacant, distressed or underutilized residential property (or portions of a property), or to convert vacant or underutilized non-residential property to residential use for occupancy by low-income homesteaders, tenants, tenant-cooperators or condominium owners. Since 1985, HTF has received annual appropriations between $25 and $39 million; a nominal amount of each appropriation can be used for administration of the program.

Funding Source
General revenue
Funding Year
FY 2022-2023
Program Status
Active
State Funding
$44,000,000
Total Funding
$44,000,000
Website
https://hcr.ny.gov/htf
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 30 - 40 years
Info Source
Interview with program administrator
Last Updated
4/2/24 14:32
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Income Eligibility Threshold Detail

80% AMI or less within New York City; 90% AMI or less outside New York City

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Elderly