Tax Credits are awarded by HPD to qualified low-income housing projects in New York City. To be eligible, projects must be substantial rehabilitation or new construction with at least 20% of apartments reserved for low-income households. During annual funding rounds, developers apply competitively to HPD for allocations of tax credits, which are awarded based on selection criteria specified in the City's Qualified Allocation Plan (see below). Once tax credits are allocated to a project, the developer typically sells the credits to corporate investors who supply private equity to cover a portion of development costs. The investors often participate through pooled equity funds raised by syndicators such as the New York Equity Fund, the Enterprise Social Investment Corporation and others. The investors receive credits that reduce their corporate federal income tax bills for ten years.

HPD allocates a portion of the Low Income Housing Tax Credits available to the State of New York; the amount of HPD's authority is negotiated annually with the State. Typically, HPD allocates $10-$12 million in credits per year to 40 or more projects with a total of 1,200 low income units.

• 2009 Qualified Allocation Plan (in PDF) 
• 2009 Notice of Funding Availability (in PDF)     
• 2009 LIHTC Rent & Income Limits for NYC(in PDF)
• 2009 HOME Rent & Income Limits for NYC (in PDF)
  

Allocation Documents

• American Recovery and Reinvestment Act of 2009 Tax Credit Assistance Program (in PDF)

• 2009 Tax Credit Application (in PDF) Note: this is a large file that may take several minutes to download

• Low Income Housing Tax Credit NYC Housing Market Analysis for Tax Credit Projects (in PDF)

• HPD Green Threshold Requirements (in PDF)

• HPD Green Competitive Requirements (in PDF)

• Financial Update for 8609: Instructions (in PDF) and Financial Update for 8609 (MS Excel) (note: there are several spreadsheets in this excel file)
  

LIHTC Compliance Documents

• HPD LIHTC Compliance Manual (PDF.)

• HPD Annual Owner Certification Form Part A  (CY 2009) and  HPD Annual Owner Certification Form Part B (CY 2009) PDF.

• HPD LIHTC Rent Roll Format (CY 2009) Excel

• HPD Rent Roll Instructions (CY 2009)  PDF.

• HPD Compliance Monitoring Fee Form (CY 2009)  PDF.

• HPD LIHTC & HOME Contact Form (CY 2009)  PDF.

Tenant Certificate of Repair: Download the instructions and form (both in MS Word)

Tax Credit Assistance Program (TCAP) Awards

• First and Second Round TCAP Awards (in PDF)

HOME Compliance Documents

• HOME Program Owners Guide (in PDF)
• HPD HOME Annual Owner Certification Form (CY 2009) PDF.
• HOME Tenant Income Certification Form (CY 2009) PDF.
• HPD LIHTC & HOME Contact Form (CY 2009) PDF.
• HPD HOME Rent Roll (CT 2009) Excel
• HPD HOME Rent Roll Instructions (CT 2009) PDF.

Credits Awarded by HPD

• Low Income Housing Tax Credits Awarded By HPD: 2009 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2008 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2007 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2006 Funding Round (Second Round) (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2006 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2005 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2004 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2003 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2002 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2001 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 2000 Funding Round (in PDF)

• Low Income Housing Tax Credits Awarded By HPD: 1999 Funding Round (in PDF)

These publications are available in .PDF format. To download and print .PDF files, you will need the latest copy of the Adobe Acrobat Reader. This program can be downloaded for free from this link: "Acrobat and the Web."

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