HCR Releases NOFA for Supportive Housing; Other Funding Still on Hold
New York State Homes and Community Renewal (HCR) has announced that $150 million in funding is being made available for development of supportive housing. This announcement follows an earlier notice that funding is available for a range of programs for new construction and rehabilitation of multi-family housing around the state.
Both announcements are part of HCR’s “open window” funding availability, which will accept applications for multiple capital programs until March 2017. Those programs include the New Construction Capital Program and Multifamily Preservation Program. The funding includes up to $15,000,000 for the Middle Income Housing Program; up to $26,750,000 for the Homes for Working Families; up to $4,000,000 of State Low-Income Housing Credit; and up to $31,200,000 for the Rural and Urban Community Investment Fund.
The new announcement makes $150 million available for the Supportive Housing Opportunities Program. This funding was made available because of an 11th hour agreement in the closing hours of the 2015-2016 Legislative Session, in which the Governor and legislative leaders agreed to release a small portion of the nearly $2 billion that was approved in the 2016-2017 adopted state budget. The rest of those funds are in limbo until there is a comprehensive agreement about how the funds will be programmed.
Advocates for affordable housing programs, including LeadingAge NY, released a proposed MOU this week and are calling on the Governor and legislative leaders to sign the MOU and release the remaining funds.
Contact: John Broderick, jbroderick@leadingageny.org, 518-867-8835