Low-income housing credit (Articles 9-A, 22, and 33)

The Public Housing Law has been amended to increase the statewide aggregate dollar amount of low-income housing credits that may be allocated to eligible low-income housing projects as shown below:

Amount of low-income housing credits by year Effective date Tax credits increased to April 1, 2022 $127 million April 1, 2023 $142 million April 1, 2024 $157 million April 1, 2025 $172 million

For more information about this credit, see Low-income housing credit .

The New York State low-income housing credit is administered by the New York State Division of Housing and Community Renewal (DHCR). For more information on this program, visit the DHCR website .

[Part J of Chapter 59 of the Laws of 2022; Public Housing Law § 22(4)]