On June 23rd, New York State Homes and Community Renewal (HCR) released a revision to the 2016 Multifamily Open Window Request for Proposals (RFP). This RFP consolidates the availability of funds through a number of programs that support affordable rental housing for low-to-moderate income individuals and families. Projects may include new construction, adaptive reuse of non-residential buildings, and preservation of existing housing. In total, the revised RFP offers up to $333 million in funds through ten programs.
A summary of the RFP is attached, and the entire RFP is available here.