What services does FundNow Capital offer?

FundNow Capital offers business funding, real estate investor financing (fix-and-flip, DSCR, bridge, commercial), working capital, equipment financing, lines of credit, merchant cash advances, tax preparation services, business credit building, and MCA debt relief — serving nearly every legal industry nationwide.

What government grants are available for real estate investors in New York City?

New York City investors can access federal programs like LIHTC tax credits (allocated through NYS HCR), Opportunity Zone capital gains incentives (306 designated tracts), HUD HOME and CDBG grants through local government, and Section 8 Housing Choice Vouchers through New York City Housing Authority (NYCHA). Local programs also include 485-x Affordable Housing Tax Exemption and HPD Housing New York Plan.

How do LIHTC tax credits work in New York?

LIHTC credits in New York are allocated by NYS HCR. The program provides dollar-for-dollar tax credits over a 10-year period for developing or rehabilitating affordable rental housing. Both 9% competitive credits and 4% non-competitive credits (paired with tax-exempt bonds) are available. Contact NYS HCR for the current Qualified Allocation Plan and application deadlines.

How many Opportunity Zones are in New York City?

New York City has 306 designated tracts. By investing capital gains into a Qualified Opportunity Fund targeting these zones, you can defer taxes on the original gain and potentially eliminate taxes on new appreciation if held for 10+ years. These zones often overlap with areas eligible for other incentives like LIHTC and CDBG funds.

What is the Section 8 payment standard in New York City?

The estimated 2-bedroom Section 8 payment standard in New York City is approximately $3,058/month. This is based on HUD Fair Market Rent and your local PHA (New York City Housing Authority (NYCHA)) may set standards between 90-110% of the published FMR. Contact them directly for current rates.

Can I combine government programs with private financing in New York City?

Absolutely. Most affordable housing projects in New York City use layered financing — combining LIHTC credits, federal grants (HOME, CDBG), local incentives, and private financing. FundNow Capital specializes in DSCR loans, bridge loans, and portfolio financing that complement government programs.

How can FundNow Capital help me invest in New York City?

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs. We can help you finance Section 8 rental properties, acquire properties in Opportunity Zones, and structure deals that leverage local incentives in New York City. Schedule a consultation to discuss your specific investment strategy.

New York Programs

Government Grants & Incentives for Real Estate Investors in New York City

New York City has the largest affordable housing ecosystem in the country, with billions in annual investment through HPD, HDC, and state programs. LIHTC deals in NYC regularly exceed $50M, and the city's own 421-a/485-x program provides major property tax exemptions for affordable housing.

State Housing Finance Agency

New York State Homes and Community Renewal (HCR)

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Public Housing Authority

New York City Housing Authority (NYCHA)

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Local Programs

New York City Government Incentive Programs

These programs are available specifically to investors and developers in the New York City, NY market.

485-x Affordable Housing Tax Exemption

Successor to 421-a, providing property tax exemptions for up to 35 years for new construction that includes affordable units.

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HPD Housing New York Plan

City program financing the creation and preservation of 300,000+ affordable units, with term sheets for new construction and preservation.

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NYS HCR LIHTC Program

New York allocates one of the largest LIHTC pools nationally, with credits flowing through HCR for both 9% and 4% deals.

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NYCHA PACT/RAD Program

Converting public housing to Section 8 through public-private partnerships, creating major investment opportunities for developers.

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LIHTC Tax Credits in New York

Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In New York, credits are allocated by NYS HCR.

How LIHTC Works

Dollar-for-dollar federal tax credit over 10 years
9% competitive credits for new construction
4% credits paired with tax-exempt bonds
15-year compliance period for affordable rents

New York Allocator

Credits are allocated by NYS HCR through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.

View NYS HCR LIHTC Program

Investor Tips

Why Invest in New York City?

Highest Section 8 payment standards in the country ($3,058 for 2-BR)

485-x tax exemption can eliminate property taxes for 35 years

NYCHA PACT/RAD is creating billions in private investment opportunities

306 Opportunity Zones across the five boroughs

Finance Government-Incentivized Properties in New York City

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in New York City.

DSCR Loans

Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.

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Bridge Loans

Short-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.

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Portfolio Loans

Finance multiple properties in New York City's Opportunity Zones under a single loan structure.

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Frequently Asked Questions

Get Financing for Investment Properties in New York City

Tell us about your New York City investment plans. We'll match you with the best financing options within 24 hours.

Government Grants & Incentives for Real Estate Investors in New York City

State Housing Finance Agency

Public Housing Authority

New York City Government Incentive Programs

485-x Affordable Housing Tax Exemption

HPD Housing New York Plan

NYS HCR LIHTC Program

NYCHA PACT/RAD Program

LIHTC Tax Credits in New York

How LIHTC Works

New York Allocator

Why Invest in New York City?

Finance Government-Incentivized Properties in New York City

DSCR Loans

Bridge Loans

Portfolio Loans

Frequently Asked Questions

Get Financing for Investment Properties in New York City

Related Resources

All Government Programs

Section 8 Vouchers

DSCR Loans