NYS HFA New Construction Capital Program (NCP)
The New Construction Capital Program (NCP), administered by NYS HFA/HCR, provides capital subsidies for site acquisition, hard costs, and related soft costs associated with the new construction of or adaptive reuse of non-residential property to affordable housing. Offered by New York State Housing Finance Agency; awards $200K.
Key Facts
- Funder
- New York State Housing Finance Agency
- Award amount
- $200K
- Deadline
- Rolling / not specified
- Geography
- New York
- Categories
- Community Development
- Status
- Open
About This Grant
The New Construction Capital Program (NCP), administered by NYS HFA/HCR, provides capital subsidies for site acquisition, hard costs, and related soft costs associated with the new construction of or adaptive reuse of non-residential property to affordable housing. The NCP subsidy is typically paired with HFA’s Multifamily Finance 4% tax-exempt bond financing program.
Full requirements and application instructions: official listing.
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