• Agency: NYS Homes and Community Renewal (NYS HCR)
• Status: Unavailable

Under the All Affordable Housing Program (ALL), tax-exempt, taxable, and 501(c)(3) bond proceeds may be used to finance new construction of multi-family rental housing. The proceeds may also be used for the preservation and rehabilitation of existing affordable multi-family rental housing developments. To qualify for new construction financing under ALL, 100 percent of the units must be affordable to households earning up to 60 percent of the Area Median Income (AMI), adjusted for family size. Eligible projects include those initially financed through federal and state affordable housing programs, as well as those not currently part of an affordable housing program.