NYU Furman Center Sign Up Facebook Twitter LinkedIn

Directory of NYC Housing Programs

State Low-income Housing Tax Credit (SLIHC)

The New York State Low-income Housing Tax Credit Program (SLIHC) is modeled after the federal LIHTC Program and provides a dollar-for-dollar reduction in state income taxes to investors in qualified low-income housing. However, it has one major difference: SLIHC-assisted units must serve households with incomes at or below 90 percent of Area Median Income (AMI), as opposed to the 60 percent standard of the federal LIHTC.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Tax Incentives
  • Scale: Small Scale (between 1 and 999 units)
  • Timeframe: 2000 - Present
  • Occupancy tenure: Rental
  • Construction Type: New Construction
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Income Restrictions: At least 40 percent of units must be affordable to households with an annual income of up to 90 percent of Area Median Income (AMI).

View all programs


Filter By