Build/Develop Rental Housing
DHCD provides financing for the development and preservation of affordable rental
housing in priority funding areas. Sponsors of affordable rental housing developments,
both non-profit and for-profit, can access a variety of financing tools to meet
the specific needs of their project. Funding through the Federal Low Income Housing
Tax Credit and Rental Housing Programs are awarded through
competitions held once or twice annually. Other programs accept applications throughout
the year and award funding based on readiness to proceed. Detailed information about
the various funding sources can be found below.