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Governor Hochul Announces Nearly $270 Million in Tax Credits and Subsidies Available to Create and Preserve Affordable Homes

Governor Hochul announced proposals are now being accepted for the State’s annual 9% Low-Income Housing Tax Credit awards, which will make available up to $58 million in 9% Federal Low-Income Housing Tax Credits (LIHTC), $10 million in New York State Low-Income Housing Tax Credits (SLIHC) and more than $200 million in State Capital subsidy loan programs

Spanish Translation: La Gobernadora Hochul Anuncia la Ampliación Del Crédito Fiscal por Hijo para las Familias de Nueva York

La Gobernadora Hochul recordó a los neoyorquinos que aprovechen el crédito tributario por hijos del estado, recientemente ampliado, también conocido como Crédito por Hijos del Estado de Nueva York (ESCC), un crédito reembolsable que puede ayudar a compensar los impuestos o pagarse directamente a los contribuyentes en efectivo a modo de reembolso.

Governor Hochul Announces Expanded Child Tax Credit for New York Families

Governor Hochul reminded New Yorkers to take advantage of the State’s recently expanded child tax credit, also known as the Empire State Child Credit (ESCC), a refundable credit which can either help offset taxes or be paid out directly to taxpayers as cash back in the form of a refund.

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