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NYS Homes and Community Renewal issued a NOFA for funding on February 7th for CDBG-DR projects that will be financed by tax exempt bonds issued by the state Housing Finance Agency. The goal of the program is to construct new rental housing or rehabilitate existing apartments damaged during Hurricane Irene, Superstorm Sandy or tropical storm Lee. Projects receiving funding under this NOFA will have first mortgage financing with Private Activity Bonds issued by HFA. The application deadline is March 9th.
For more information, please see the NOFA at www.nyshcr.org/Funding/NYSCDBG/CDBG-DR-AHF-RFP-2018.PDF.