Policy Updates

  • On March 31st, the New York State Budget for FY 2018-2019 was approved. The $168.3 billion enacted budget includes $250 million in new appropriations for NYCHA. The final budget also included re-appropriated funding for the 5-year Statewide Affordable Housing Program. Last year, Governor Cuomo and the Legislature passed a budget funding a $1.97 billion 5-year […] Read More
  • Last week, Congressional leaders came to a grand agreement on a FY 2018 Omnibus $1.3 trillion dollar spending package that is a big win for affordable housing industry. It was quickly passed by both Houses and the President signed it into law on Friday. This spending bill provides the most significant re-investment in affordable housing funding since the sequester […] Read More
  • We are so excited to share some great news from Washington! In today’s budget deal that was announced today and details released this hour, the following changes are made to the Low Income Housing Tax Credit (LIHTC) that will greatly benefit affordable housing development and preservation in New York and across the nation. INCOME AVERAGING […] Read More

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