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

The Supportive Housing Opportunity Program (SHOP) provides subordinate financing for the new construction of or the adaptive reuse of a non-residential property to affordable supportive housing with on-site social services. Financing is only available for site-specific multi-family rental housing that will have first mortgages financed by tax exempt or taxable bonds issued by the New York State Housing Finance Agency (HFA). Service and operating awards are required for access to SHOP funds. Applications for awards are available through the Empire State Supportive Housing Initiative (ESSHI) or other local municipal agencies. Projects with ESSHI awards will have priority.