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Together, HCR finances single-family residential mortgages, multifamily lending housing programs and mortgage insurance for both single-family and multifamily housing. It also provides grants to local governments and not-for-profit organizations to subsidize the construction of new housing and renovation of existing housing for eligible New ...
The project is supported by federal HOME funds and NYS HCR Small Building Participation Loan Program. Construction is expected to start in the summer. Affordability will be between 60% AMI and 120 ...
The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
It was signed into law in 1955 as the Limited-Profit Housing Companies Law. [2] [3] It was later recodified as article II of the 1961 Private Housing Finance Law.[7] [8] Article II Limited-Profit Housing Companies refer to not-for-profit corporations, whereas article IV Limited Dividend Housing Companies refer to non-Mitchell–Lama affordable housing organized since 1927 as business ...
Additionally, the project received $296,000 from the Multifamily New Construction Program, and $194,740 from NY-Sun, all administered by the New York State Energy Research and Development ...
HFA and its subsidiaries are now administered by New York State Homes and Community Renewal, [4] created in September 2010 to include the New York State Division of Housing and Community Renewal. In 2017, the HFA had operating expenses of $368.76 million, an outstanding debt of $16.780 billion, and a staffing level of 263 people. [5]
It is still a jarring increase from around 3,500 in just a few years - too fast to be reflected yet in Census data and the equivalent of 1.6 million or so new arrivals to New York City.
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