NON-PROFIT CORPORATIONS, COMMUNITY HOUSING DEVELOPMENT ORGANIZATIONS (CHDO), PUBLIC HOUSING AUTHORITIES AND NOT-FOR-PROFIT SUBSIDIARIES, DEVELOPER-OWNERS WHOSE PROJECTS ARE LOCATED WITHIN NON-STATE FUNDED HOME PARTICIPATING JURISDICTIONS

The Housing Trust Fund Corporation’s (HTFC) Office of Community Renewal (OCR) announces the availability of approximately $15 Million of HOME Investment Partnership Program funds for the following “Specialty” Request for Proposal (RFP):

New York State HOME Local Program

Small Rental Development Initiative (SRDI)

PROGRAM DESCRIPTION:

The NYS Home Local Program (HOME Local) is a federally funded program administered by the OCR. The program is designed to fund a variety of residential housing activities to expand the supply of decent, safe, and affordable housing throughout the State of New York. The funds made available in this NOFA represent de-obligated and/or uncommitted prior years HOME funds designated for use by Developer-owners of small rental projects.

ELIGIBLE APPLICANTS:

Eligible Developer-owners are defined as:

1. Non-profit corporations incorporated under State Non-Profit Corporation Law

2. Community Housing Development Organizations (CHDO)

3. Public Housing Authorities and not-for profit subsidiaries

4. Applications are permitted from Developer-owners whose projects are located within non-state funded HOME Participating Jurisdictions.

ELIGIBLE PROJECTS:

Eligible projects include the rehabilitation of, the acquisition and rehabilitation of or the new construction of residential rental housing that is owned or will be owned and operated by the Developer-owner as HOME eligible rental housing for low-income households, throughout the required Period of Affordability (POA), typically 15 to 20 years.

The project may contain 2 to 25 units and be 1 or more buildings on a single site or multiple sites under common ownership, management and financing. Permanent and transitional housing, including group homes and SRO’s are eligible.

NON-ELIGIBLE PROJECTS:

Shelters, temporary housing, Federal public housing units, projects that include State or Federal Low Income Housing Tax Credits as a financing source and properties that were previously financed with HOME and are under an active HOME regulatory agreement and POA.

MAXIMUM AWARD AND PER UNIT AMOUNT:

Developer-owners may apply for the amount of funds necessary for the acquisition and/or rehabilitation or new construction of a project containing 2 - 25 units to be owned and operated by the Developer-owner for low-income rental housing throughout the POA.

The maximum amount of HOME funds that can be invested per unit must be less than the HOME Maximum Subsidy limits as calculated by HUD and listed in the RFP. The minimum HOME investment in rental housing is $1,000 times the number of HOME-assisted units.

Developer-owners must be able to utilize the amount of funding requested within the three year contract term and demonstrate financial stability of the project throughout the POA.

MARKET NEED – LONG TERM AFFORDABILITY:

Developer-owners must be able to demonstrate local market need for affordable rental units in the area where the project is located and the capacity to operate/manage the project according to HOME rental requirements throughout the POA.

APPLICATION FOR FUNDING

The NYS Home Local Program application for funds available through this NOFA and corresponding RFP will be available on the NYS Homes and Community Renewal website, www.nyshcr.org/Funding/, on Wednesday, March 15, 2017. Applicants have 8 weeks to complete the application. Applications are due no later than 3:00 PM (EST) on Wednesday, May 10, 2017. Applications must be submitted using the Community Development Online ApplicationSystem (CDOL) at: http://www.nyshcr.org/Apps/CDOnline/.

The above-stated application deadline is firm as to date and hour. In the interest of fairness to all competing applicants, applications received after the specified date and time will be deemed ineligible and will not be considered for funding. Applicants should make early submission of their applications to avoid risks of ineligibility resulting from unanticipated delays or other delivery-related problems.

NEW YORK STATE GRANTS GATEWAY PREQUALIFICATION

New York State Grants Gateway is a statewide effort that will improve the way New York State administers grants by simplifying and streamlining the grants management process. Effective August 1, 2013, not-for-profit organizations must be prequalified in order to do business with New York State. To prequalify, not-for-profit organizations must submit an online Prequalification Application through the Grants Gateway. The Prequalification Application is comprised of five components to gauge your organizational structure and the types of services you provide. The required forms and document uploads are all part of the Grants Gateway Document Vault. Resources to complete the application and associated document vault can be found in the Quick Links Section of the Grants Gateway page at http://grantsreform.ny.gov/.

CONTACT INFORMATION

For inquiries or technical assistance regarding the NYS HOME Local Program, please contact: Ann M. Petersen, Director, NYS HOME Program, Homes and Community Renewal, Office of Community Renewal, at the above address, or call (518) 474-2057