New York Accepting Requests for Extra Credits

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The New York State Division of Housing and Community Renewal (DHCR) has announced that DHCR and the state Housing Trust Fund Corporation, subject to the availability of funds, will consider requests for additional low-income housing tax credits from developers with prior credit awards, in order to address the loss of tax credit equity due to condition’s beyond the control of such awardees. DHRA issued guidelines with details about requests and the resources it has available.

(http://www.dhcr.state.ny.us/Programs/LIHC/LIHC_Add_Fund.htm)