affordable housing
housing programs
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New York State Low Income Housing Tax Credit Program

The NYS Low Income Housing Tax Credit Program is modeled after the federal LIHC program and administered pursuant to the Internal Revenue Code and DHCR’s Qualified Allocation Plan but with a few exceptions:

  • SLIHC assisted units must serve households whose incomes are at or below 90 percent of the area median income (vs. the 60 percent standard of the federal program).
  • SLIHC provides a dollar-for-dollar reduction in state taxes to investors in qualified low-income housing which meet the requirements of Article 2-A of the Public Housing Law.
  • The SLIHC Credit allocation is not calendar year-specific.
  • The SLIHC program has selection criteria which are set forth in the SLIHC regulations.



Decoding the housing crisis

A public data project to track and analyze the rental housing shortage across the country, highlighting where additional units are needed most.

Shortage statistics for households earning Under 50% AMI
states with severe shortage
of households rent-burdened
total shortage of affordable units
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