Welcome to New York State Homes and Community Renewal (HCR)!
New York State Homes and Community Renewal is your statewide housing resource.
Under the leadership of Governor Andrew M. Cuomo, the mission of Homes and Community Renewal is to build and preserve homes and communities for low and moderate income New Yorker’s across the state. HCR promotes affordable housing and community renewal efforts.
New York State Homes and Community Renewal (HCR) preserves housing affordability and works with many private, public and nonprofit sector partners to create inclusive, safe, “green,” and resilient places to live in New York State.
HCR is charged with carrying out the Governor’s $1 billion HOUSE NY plan and by leveraging New York’s federal and state community development resources, creating affordable housing opportunities statewide. HCR programs provide financing to create and preserve multifamily housing; administer programs to improve housing conditions, ensure accessibility, and save energy; provide bonding authority and other resources to facilitate local public improvements and job creation; and help thousands of low- and moderate-income New Yorkers purchase a home.
In New York City and adjacent counties, HCR enforces the State’s Rent Regulation Laws and protects the rights of tenants facing landlord harassment or rent overcharges.
We also fund services for low to middle income households and for special needs populations including veterans, seniors, homeless families, individuals with HIV/AIDS, and at-risk youth. Governor Cuomo committed an additional $486 million to housing in the 2015-2016 budget, $92 million of which is dedicated to Mitchell-Lama preservation.
HCR resources have helped finance over 26,000 affordable housing units since 2011, for moderate and low-income families and vulnerable New Yorkers.
HCR is comprised of five agencies:
- HCR Division of Housing and Community Renewal (DHCR)
The largest employer of the five HCR agencies, DHCR is an executive branch agency responsible for the supervision, maintenance, and development of affordable low-and moderate-income housing in New York State.
- HCR Housing Trust Fund Corporation (HFTC)
HTFC is a public benefit corporation managed by DHCR staff. HTFC has experienced significant staff growth since 2013 with the creation of the Governor’s Office of Storm Recovery (GOSR).
- HCR Housing Finance Agency (HFA)
HFA's mission is to create and preserve high quality affordable multifamily rental housing that serves communities across the State of New York. HFA is the #1 affordable housing issuer in the nation.
- HCR State of New York Mortgage Agency (SONYMA)
Offers five mortgage programs to assist first-time homebuyers with the purchase of a home in New York State.
- HCR Affordable Housing Corporation (AHC)
Creates homeownership opportunities for low- and moderate-income families by providing grants to local governments, not-for-profits, and charitable organizations; thus helping subsidize the cost of newly constructed houses and the renovation of existing housing.
- Governor’s Office of Faith-Based Community Development
Serves as a liaison for State government to faith-based groups interested in engaging in community development activities.
- Governor’s Office of Storm Recovery (GOSR)
Leads the State’s Recovery efforts from Hurricane Sandy, Hurricane Irene, and Tropical Storm Lee.
- Mortgage Insurance Fund Office
Provides insurance on mortgage loans that encourage capital investment by commercial and public lenders.
- Office of Community Renewal (OCR)
Contracts with local governments and nonprofits to provide a variety of affordable housing, along with home improvement and community development programs and services. The Office of Community Renewal administers the following programs:
- Office of Finance and Development (F&D) - Provides financing for the creation and preservation of multifamily and single family housing.
- Office of Housing Preservation (OHP)
Includes the Asset Management Unit, which monitors affordable rental housing financed with state resources; also includes staff working in the state’s Section 8 and Weatherization programs.
- Office of Professional Services (OPS)
Includes shared support functions such as Human Resources, Facilities, Procurement, Finance, Information Technology, and corporate compliance functions.
- Office of Rent Administration (ORA)
Charged with overseeing the administration of the State’s Rent Regulations.
- Office of Legal Affairs (OLA)
Provides legal support for HCR as a whole.
- The Tenant Protection Unit (TPU)
Created in 2012, Governor Cuomo’s Tenant Protection Unit (TPU) proactively protect tenants in nearly one million rent-regulated homes.
HCR also oversees the Tobacco Settlement Financing Corp. (TSFC), a public benefit corporation of the State of New York. It was created to purchase all or a portion of New York State's share of the Tobacco Settlement Revenues.