HPD- Developers - NYC Housing Trust Fund

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	Financing Tools New York City Housing Trust Fund The New York City Housing Trust Fund (NYC HTF) provides a flexible subsidy of between $20,000 and $50,000 per unit to nonprofit and for-profit developers to build or substantially rehabilitate multi-family apartments. Apartments can be rentals, condominiums, or cooperatives. Subsidies are provided in the form of 30-year term, one percent interest loans. $22.6 million in Battery Park City Authority revenues is available for funding in FY09. Funds are made available through a periodic Notice of Funding Availability (NOFA) process. Applicants may apply and will be selected on a rolling basis, as described in the NOFA. Qualified projects must contain at least 20% of the units targeting “hard to reach” populations (either those below 30% HUD Income Limit (HUDIL) or between 61-80% HUDIL). The NOFA contains detailed program information and instructions. Follow the links below for more information on the NOFA and application. Contact: Jason Paukowits HPD Office of Development Division of New Construction Finance 100 Gold Street, 9-U5 New York, NY 10038 (212) 863-6646 (212) 863-5793 Fax Click here to download the HTF NOFA (PDF) Click here to download the NYC HTF NOFA Application (Excel)

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