SLIHC

Location

NY

TAGS

affordable housing

housing programs

OTHER names

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.

Source: hcr.ny.gov

Industry expertise

With 20+ years in housing finance, founder Kanan Ajmera decided to build a software to solve the problem of disconnected data and processes, then brought together team of housing professionals to make it happen.

Customer success

Our dedicated customer success (CS) helps you onboard your team and deals, and keeps in touch with you afterwards to meet all your team's need.

Extra-fast onboarding

All your deal data is onboarded in just a couple of weeks, along with your models, templates, and everything else you need in your online work environment.

Tailor-made features

Our product features are already tailor-made for the industry, and we add customized solutions so they are also tailor-made for your team.

Strict standards. Bank-grade security.

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Builders Patch conducts annual audits to prove adherence to SOC 2 Type I and Type II certification protocols.

Bank-grade security

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24/7 monitoring

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