New York

The City of New York enacted Friday at 2016 budget of $78.5 billion. Following through on Mayor de Blasio’s promised investment of more than $7 billion in City funds for affordable housing over 10 years, an increase in City capital has been strategically allocated to support the development of 80,000 new construction units and the preservation of 120,000 across the 5 boroughs.

Representatives Pat Tiberi (R-OH), Richard Neal (D-MA) and Tom Reed (R-NY) introduced a bill to permanently extend the New Markets Tax Credit (NMTC) program.

On September 29, California Governor Jerry Brown vetoed A.B. 1399, a bill to create a state new markets tax credit (NMTC), and A.B. 1999, to create a state historic rehabilitation tax credit (HTC).

New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The application deadline for early round projects is Tuesday, October 7, 2014, by 5:00 PM. The application deadline for […]

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The application deadline for early round projects is Tuesday, October 7, 2014, by 5:00 PM. The application deadline for […]

Governor Martin O’Malley announced that Raymond A. Skinner, who has served as Secretary of DHCD since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs, the current Deputy Secretary of DHCD, as acting secretary effective September 1, 2014

New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The application deadline for early round projects is Tuesday, October 7, 2014, by 5:00 PM. The application deadline for […]

New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The application deadline for early round projects is Tuesday, October 7, 2014, by 5:00 PM. The application deadline for […]

New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The RFP is expected to be available on August 15. The application deadline for early round projects is Tuesday, […]

QAP Deadlines

Early this week New York City Mayor Bill de Blasio announced his highly anticipated affordable housing plan entitled, “Housing New York: A Five-Borough, Ten-Year Plan”.