HCR Multifamily Finance 9% LIHTC Request for Proposals
Homes and Community Renewal’s HCR Multifamily Finance 9% LIHTC RFP funds innovative, sustainable affordable housing and adaptive reuse projects across New York State using federal and state tax credits.
Funder: Homes and Community Renewal
Due Dates: July 23, 2026: Request access to Technical Assistance Aspera dropbox (3:00 PM ET) | July 30, 2026: Request access to application Aspera dropbox (3:00 PM ET) | August 13, 2026: Submit Technical Assistance materials, Moderate Rehab Pre-Apps, and/or LIHTC/SLIHC fee deferral (11:59 PM ET) | August 13, 2026: Submit Design Waivers (3:00 PM ET) | September 10, 2026: Submit full applications (11:59 PM ET)
Funding Amounts: ~$58M (9% LIHTC), plus complementary state funding; per project/unit limits apply; awards typically cover financing gaps for affordable multifamily housing.
Summary: Supports development, rehabilitation, and adaptive reuse of affordable multifamily and non-residential housing across New York State, leveraging 9% LIHTC and other state programs to advance housing, community revitalization, and sustainability goals.
Key Information: Mandatory pre-application technical assistance required; separate Aspera dropboxes for TA and application submission.
Description
This annual Request for Proposals (RFP) from New York State Homes and Community Renewal (HCR) provides competitive funding for the creation, preservation, and adaptive reuse of affordable multifamily rental housing and select non-residential projects throughout New York State. The RFP leverages the federal 9% Low-Income Housing Tax Credit (LIHTC), New York State Low-Income Housing Tax Credit (SLIHC), and a suite of state programs (including HTF, SHOP, MIHP, HOME, CIF, SENR, CEI, and MSF) to address diverse community housing needs—prioritizing innovation, sustainability, and alignment with state housing goals. Projects are evaluated based on criteria such as community impact, affordability, readiness, sustainability, supportive housing, and inclusion of underserved populations.
