• New York State Budget Breakdown

    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
  • OMNIBUS=Reinvestment in HUD funding and LIHTC Policy Improvements!

    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
  • Rep. Joe Crowley & NYHC Pen Op-Ed Condemning Trump Budget

    Trump’s budget would exacerbate New York’s affordable housing crisis. Rents would spike and public housing would suffer under cuts prompted by GOP’s tax giveaway. Read Rep. Joseph Crowley (D-NY14) and NYHC Executive Director Rachel Fee’s joint op-ed in Crain’s New York Business condemning the Trump budget here or review the text below. “Our city is facing an […] Read More
  • NYHC Launches #TrumpRentHike Calculator

    NYHC has developed the #TrumpRentHike calculator for HUD-assisted tenants and public housing residents to find out how much President Trump intends to raise their rent. In his budget request to Congress, President Trump proposes to increase rent for HUD-assisted households from 30% of adjusted income to 35% of gross income with the elimination of deductions, […] Read More
  • Rachel Fee NY Daily News Op-Ed: Trump Abandons Public Housing

    Rachel Fee wrote an Op-ed published in the Daily News on February 16th. Please find the text below: “President Trump’s budget is likely dead on arrival in Congress, but the message he sent to people living in public housing is not a tweet to delete or a truth easily denigrated as “fake news.” It is […] Read More

    *BLOG POST UPDATED 2/16/18 TO REFLECT CENTER ON BUDGET AND POLICY PRIORITIES’ CHANGE IN RENT INCREASE IMPACT ESTIMATIONS President Trump’s FY 2019 Budget cuts HUD funding by $8.8 billion or 18.3% compared to enacted FY 2017 funding [1]. This proposal represents a major shift in the federal government’s role in subsidized housing. Public Housing Capital, […] Read More

    *BLOG POST UPDATED 2/16/18 TO REFLECT CENTER ON BUDGET AND POLICY PRIORITIES’ CHANGE IN RENT INCREASE IMPACT ESTIMATIONS President Trump’s budget proposal for FY 2019 goes several steps further than last year’s budget in dismantling HUD programs and funding. With total cuts of $8.8 billion, HUD programs and low-income families using these programs would be […] Read More
  • Federal Budget Caps Raised

    Early this morning, the Senate and then the House hurriedly voted to pass a final short-term FY 2018 budget bill as the last short-term agreement expired at midnight. The approved legislation included a bi-partisan agreement to raise the debt ceiling and to lift top-line spending cap levels on defense and domestic priorities by a total […] Read More