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New York Division of Housing and Community Renewal Announces Availability of Low-Income Housing Tax Credits

July 22, 2021, 5:00 AM

The New York Division of Housing and Community Renewal July 21 announced the availability of individual income and corporate income tax credits under federal and state low-income housing tax credit programs. Applications for summer 2021 projects must be completed and submitted by Aug. 26. A $3,000 application fee is required for each credit program application. Not-for-profit applicants or their wholly-owned subsidiaries that are sole general partners of the partnership or project owner, or a sole managing member of the limited liability company or project owner may request an application fee deferral until the credit allocation. [N.Y. Div. of Hous. & ...

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