HCR Multifamily Finance 9% LIHTC Request for Proposals
Supports research-driven new construction, rehabilitation, and preservation of affordable multifamily rental housing statewide in New York through competitive funding and tax credits.
Funder: Homes and Community Renewal
Due Dates: July 23, 2026: Request access to Technical Assistance Dropbox (3:00 PM ET) | July 30, 2026: Request access to application Dropbox (3:00 PM ET) | August 13, 2026: Submit Technical Assistance materials, Moderate Rehab Pre-Applications, and/or LIHTC/SLIHC fee deferral (11:59 PM ET) | August 13, 2026: Submit Design Waivers (3:00 PM ET) | September 10, 2026: Full application submission (11:59 PM ET)
Funding Amounts: Multiple funding sources; e.g., 9% LIHTC ($58M), SLIHC ($10M), SHOP ($65M), HTF ($43M), other programs range from $1M–$26M; award size varies by program and project.
Summary: Supports new construction, rehabilitation, and preservation of affordable multifamily rental housing across New York State through competitive funding and tax credits.
Key Information: Applications must be submitted electronically via an Aspera Dropbox requested in advance for each project.
Description
This opportunity, administered by New York State Homes and Community Renewal (HCR), seeks proposals for the creation and preservation of affordable multifamily rental housing statewide. The program supports new construction, rehabilitation, and adaptive reuse projects, with funding available from a variety of sources including the 9% Low-Income Housing Tax Credit (LIHTC), State Low-Income Housing Tax Credit (SLIHC), and several supportive and targeted housing programs. The RFP is a central part of New York’s five-year, $25 billion housing plan, emphasizing state housing goals such as community renewal, supportive and senior housing, transit-oriented development, and sustainability. Successful applicants must meet rigorous project, budget, and reporting requirements and demonstrate alignment with state priorities in affordable housing.
