State · LIHTC 2026
LIHTC in New York: 2026 allocations, QAP and data
New York State Homes and Community Renewal (HCR) allocates New York's housing tax credits. The population-based part of New York's 2026 9% credit ceiling, before carryforwards and returned credits, is $68,328,291. That is $3.416 times 20,002,427 residents. Its 2026 private activity bond cap, which 4% deals compete for, is $2,700,327,645 ($135 per person).
Agency and qualified allocation plan
| Allocating agency | New York State Homes and Community Renewal (HCR) |
|---|---|
| Tax credit program page | HCR LIHTC page |
| Current QAP | 9 Percent LIHTC Qualified Allocation Plan |
| QAP status | Search results show the QAP effective 6/11/2025 governs the 2026 9% RFP (released July 2026); HCR blocks automated fetches so not read directly. NYC HPD is a suballocator with its own 2026 QAP. |
Agency and QAP links checked 2026-10-30; 4 of them block automated checks (HTTP 403) but are the agency's own published addresses.
2026 credit ceiling and bond cap
| Item | 2026 | Per resident |
|---|---|---|
| Population (IRS Notice 2026-22) | 20,002,427 | 4th of 52 |
| 9% ceiling, population amount | $68,328,291 | $3.42 |
| Formula | greater of $3.416 × pop or $3,953,600 | per-capita applies |
| Private activity bond cap | $2,700,327,645 | $135.00 |
| Formula | greater of $135 × pop or $397,625,000 | per-capita applies |
Sources: IRS Rev. Proc. 2025-32 secs. 4.08 and 4.19 (the 9% amounts already include the 12% increase from Pub. L. 119-21 sec. 70422); IRS Notice 2026-22 (2026-15 I.R.B.). Computed by us and rounded to the dollar; agencies may round differently.
Only the population amount is shown. The full 2026 ceiling adds credits unused from 2025, credits returned by projects and any share of the national pool, which the agency reports in its allocation materials. See every state side by side on the 2026 ceilings and bond caps table.
Basis boost areas: 2027 QCTs and DDAs
HUD's 2027 lists, which apply from January 1, 2027, put 1,039 New York census tracts in qualified census tracts, spread across 47 counties. 6 nonmetropolitan counties are difficult development areas. In metro areas, 281 ZIP code areas (ZCTAs) are Small Area DDAs. A building in either can take 130% of eligible basis. Check an address with the QCT and DDA lookup.
| County | 2027 QCT tracts |
|---|---|
| Kings County | 241 |
| Bronx County | 222 |
| Queens County | 109 |
| New York County | 80 |
| Erie County | 58 |
Nonmetro DDA counties: Clinton County, Cortland County, Greene County, Hamilton County, Otsego County, Sullivan County.
Metro areas with Small Area DDAs: Albany-Schenectady-Troy, NY MSA; Buffalo-Cheektowaga, NY MSA; Kingston, NY MSA; Kiryas Joel-Poughkeepsie-Newburgh, NY MSA; Nassau-Suffolk, NY HUD Metro FMR Area; New York, NY HUD Metro FMR Area; Rochester, NY MSA; Syracuse, NY MSA; Watertown-Fort Drum, NY MSA.
Every New York qualified census tract, with its population, poverty rate and median income, is on the New York QCT list by county.
Source: HUD 2027 QCT and DDA designations, FR Doc. 2026-20390 (91 FR 63573, Oct. 6, 2026).
Tax credit properties in New York
HUD's database lists 3,629 New York properties financed with housing tax credits that the allocating agency still monitors, with 261,328 income-restricted units. The largest city totals are below; see all cities on the New York apartments page.
| City | Properties | Restricted units |
|---|---|---|
| Bronx | 705 | 65,225 |
| New York | 770 | 48,769 |
| Brooklyn | 746 | 47,165 |
| Rochester | 93 | 8,107 |
| Buffalo | 83 | 6,175 |
| Yonkers | 46 | 5,232 |
| Staten Island | 30 | 4,883 |
| Queens | 25 | 3,578 |
| Far Rockaway | 14 | 3,062 |
| Albany | 28 | 2,933 |
| County | Properties | Restricted units |
|---|---|---|
| Bronx County | 696 | 63,255 |
| New York County | 756 | 48,458 |
| Kings County | 740 | 47,062 |
| Queens County | 86 | 12,111 |
| Monroe County | 145 | 12,077 |
| Westchester County | 143 | 12,035 |
| Erie County | 117 | 9,087 |
| Richmond County | 30 | 4,883 |
| Orange County | 71 | 4,825 |
| Onondaga County | 76 | 3,936 |
For buyers and lenders: the New York Year 15 and Year 30 list shows which of these properties reach the end of the compliance period or the 30-year extended use minimum from 2022 to 2034, by county.
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). City pages cover cities with at least five properties; county links go to that county's 2026 income and rent limits.
Financing a LIHTC deal in New York
A 9% deal in New York competes for HCR's 2026 ceiling of $68,328,291 (population amount) under the 9 Percent LIHTC Qualified Allocation Plan. A 4% deal needs an award from the state's $2,700,327,645 private activity bond cap: tax-exempt bonds must finance 50% of the aggregate basis of the building and land, or at least 25% if one or more of those bonds, from an issue dated after December 31, 2025, together finance at least 5% of that basis (the 25% bond test, for buildings placed in service in taxable years beginning after December 31, 2025). Sites in New York's 1,039 qualified census tracts for 2027 can take the 130% basis boost.
On HUD's records for the 3,138 New York properties on this site's city pages, 34% of those reporting the field were financed with tax-exempt bonds and 54% took 9% (70% present value) credits; 496 received allocations in 2015 or later.
Sources: IRS Rev. Proc. 2025-32; HUD 2027 QCT list; HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024), bond and credit-type fields. What to read in a QAP: state LIHTC programs. Sizing a New York deal: get a financing quote.
State housing tax credit
Yes. NYS Low-Income Housing Tax Credit (SLIHC), Public Housing Law Article 2-A, regs 9 NYCRR 2040.14. Requested with 9% LIHTC via the HCR RFP; HCR offers SLIHC transfers. (primary source)
More New York data
- New York 2026 income and rent limitsby county
- New York tax credit apartmentsby city
- New York QCTs and DDAs2027 lists by county
- Year 15 and Year 30 propertiesby county
- QCT and DDA lookupby address
- Monthly credit ratesIRS
- LIHTC in New Mexicoprevious
- LIHTC in North Carolinanext
- All statescompare
Questions people ask
How much 9% LIHTC does New York get in 2026?
The population part of New York's 2026 housing credit ceiling is $68,328,291: the greater of $3.416 per resident or $3,953,600, applied to the 20,002,427 population in IRS Notice 2026-22. The agency's actual 2026 authority also adds unused and returned credits and any national pool share, so its own published figure can be higher.
Who allocates housing tax credits in New York?
New York State Homes and Community Renewal (HCR). It awards 9% credits under its qualified allocation plan and sets the rules 4% bond deals must meet to receive credits.
Does New York have a state low-income housing tax credit?
Yes. NYS Low-Income Housing Tax Credit (SLIHC), Public Housing Law Article 2-A, regs 9 NYCRR 2040.14. Requested with 9% LIHTC via the HCR RFP; HCR offers SLIHC transfers.
Financing a New York tax credit deal?
Construction, bond, bridge-to-equity and permanent debt for New York 4% and 9% deals.