Homes for Working Families
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The Homes for Working Families Program (HWF) provides gap financing to assist in acquisition, new construction or rehabilitation of affordable housing developments. The financing is typically low-interest loans covering both capital costs and soft costs. Up to 30% of units in a project may be affordable to households with incomes above 60% of area median income (AMI) but those units must be financed through other sources. All loans are awarded in conjunction with State Tax Credits. No project may receive more than $2 million.
The Homes for Working Families Program (HWF) receives funding on an annual basis through New York State’s Homes & Community Renewal agency. In FY13, approximately $7 million was made available through the HWF program.
Contact: Arnon Adler, New York State Division of Housing and Community Renewal, [email protected], 518-486-5044