Winter 2022 Project Based Section 8 Request for Proposals
Forecasted
This grant provides Section 8 Project Based Vouchers to support the creation and preservation of affordable housing for low-income households in New York State through long-term rental assistance.
Funder: Homes and Community Renewal
Due Dates (Anticipated): May 2027 (Full application submission deadline, projected)
Funding Amounts: Up to 500 project-based Section 8 vouchers available; 20-year contract term; no minimum unit request; maximum per property is the greater of 25 units or 25% (or 40% in low-poverty tracts), with exceptions for elderly/supportive housing.
Summary: Provides federal Section 8 Project Based Vouchers for new or existing affordable housing projects in New York State, supporting rental assistance and long-term affordability.
Key Information: All dates are projected; awards are contingent on federal appropriations; program is highly competitive.
Description
This program, administered by the New York State Housing Trust Fund Corporation (HTFC) under Homes and Community Renewal (HCR), offers federal Section 8 Project Based Vouchers (PBVs) to support affordable housing projects across New York State. The initiative aims to increase the supply and long-term viability of quality housing for low- and extremely low-income households, either through new construction/substantial rehabilitation or by supporting existing properties previously funded by HCR. PBVs provide rental assistance tied to specific units, helping to de-concentrate poverty, expand economic opportunity, and preserve affordable housing.
