Skip to Main Content
NY.gov Portal State Agency Listing Search all of NY.gov
Homeownership Development Financing Multifamily Development Financing Low Income Housing Tax Credit Program Multifamily Financing Applications Multifamily Owners & Property Managers Home Buyers Home Owners Renters Income Limits Lenders Servicers Home Builders Real Estate Agents SONYMA Advisory Council Municipalities/Non-Profits AHC Grantees Neighborhood Stabilization Program (NSP)

Second Mortgage "Subsidy Loans"


Framark Place Apartments was constructed with HFA subsidy funds in addition to $1.8 million in permanent financing from HFA. The 50-unit all affordable apartment complex for seniors is located in Ontario County.

HFA offers Second Mortgage "Subsidy Loans" to developers that receive construction or permanent financing from HFA.

Subsidy Loans are subordinate, low interest rate loans available to projects that require subsidies to maximize the number of affordable units and to reach lower income or special needs populations.

A Subsidy Loan may be used in conjunction with subsidies provided by other federal, state or local agencies.

Click here to obtain a term sheet with details of HFA's Subsidy Loans.

Last updated: 11/30/2009 2:59:39 PM