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

The annual statewide cap on allocations for the credit is increased as shown below:

Effective date Tax credits increased to April 1, 2025 $187 million April 1, 2026 $217 million April 1, 2027 $247 million April 1, 2028 $277 million April 1, 2029 $307 million

This credit is administered by the New York State Division of Housing and Community Renewal. For more information, visit Low-income housing credit .

[Part D of Chapter 59 of the Laws of 2025; Public Housing Law § 22.4]