HOME, Access to Home, and RESTORE funds can help not-for-profits develop affordable housing and administer grants for home improvements and accessibility modifications for qualifying older adults.

The association presented oral and written statements on HCR’s proposed changes to its LIHTC QAPs and SLIHC regulations with member-driven recommendations on how best to leverage the programs to support the development of more affordable housing options for NY’s older adults.

Applications for funding to support development of multi-family rental projects of 4 to 20 units are due Fri., Feb. 14^th.

The RFP makes available up to $40 million in LIHTCs, $12 million in SLIHCs, and more than $200 million in State capital subsidy loan programs.

Members are encouraged to share their insights and experiences utilizing the LIHTC QAPs for senior housing development in anticipation of a public comment period beginning later this year.

The Small Rental Development Initiative supports the creation of small rental developments of 20 or fewer units.

Among other provisions, the actions create a “Pro-Housing Community” designation that could give localities a leg up in competing for the State’s discretionary community development funds.

Up to $25 million in funding is now available to support activities that increase access to decent, safe, and affordable housing throughout the state.