HCR Announces 2025 9% LIHTC RFP

(Aug. 7, 2025) NYS Homes and Community Renewal (HCR) has announced the availability of funding under the Low-Income Housing Trust Fund Program (HTF); the Rural and Urban Community Investment Fund Program (CIF); the Supportive Housing Opportunity Program (SHOP); the Public Housing Preservation Program (PHP); the Middle Income Housing Program (MIHP); the Senior Housing Program (SENR); the HOME American Rescue Plan (ARP) Program (HOME); the New Construction Program (NCP); the Lesbian, Gay, Bisexual, Transgender, Queer, and More (LGBTQ+) Affirming Senior Housing Program (SENR); the Clean Energy Initiative Program (CEI); and the Solar for All Program (SFA). HCR has also announced the availability of tax credits under the federal Low-Income Housing Tax Credit Program (LIHTC) and the NYS Low-Income Housing Tax Credit Program (SLIHC).

The 2025 HCR Multifamily Finance 9% Request for Proposals (RFP) for site-specific multifamily and stand-alone non-residential project applications seeking funding under these programs was made available on July 17, 2025. The RFP and application materials, including application submission instructions, can be found on the HCR website.

Subject to availability of appropriations, 2025 funding amounts include approximately up to:

$43 million in HTF funds;
$10 million in CIF funds;
$65 million in SHOP funds;
$10 million in PHP funds;
$10 million in MIHP funds;
$22 million in SENR funds;
$10 million in HOME ARP funds;
$26 million in NCP funds;
$4 million in LGBTQ+ Affirming Senior Housing Program funds;
$10 million in CEI funds;
$3 million in SFA funds;
$50 million for LIHTC reservations; and
$10 million for SLIHC reservations.

A PowerPoint presentation of project application requirements, process, and additional guidance is expected to be posted to the HCR website on approximately Aug. 7, 2025.

Applications for 2025 projects must be completed and submitted by 11:59 p.m. ET on Sept. 11, 2025.

Contact: Jeff Diamond, jdiamond@leadingageny.org