• FFB Risk Share Program In Jeopardy

    Federal Financing Bank and Risk-Sharing Program (FFB Risk Share) was created ten years ago in response to the housing recession. It is a flexible financing tool that dramatically lowers the cost of capital for cities and states seeking to finance affordable housing. Since it was introduced, more than 20,000 affordable homes were financed through this program, which […] Read More
  • RLN Creates NEW Connectors Program!

    The New York Housing Conference Rising Leaders Network (RLN) is proud to announce the creation of the Connectors Program. The program will help expand the networks of RLN members through pairings with established leaders (“Connectors”) in the affordable housing community in New York. The program will kick-off in January, 2019. Each “Connector” is paired with a “Connectee,” a member of […] Read More
  • Forthcoming IRS Guidance on Opportunity Zones

    The IRS submitted Opportunity Zone regulatory guidance to the Office of Information and Regulatory Affairs, a division of the White House Office Management of the Budget (OMB) for review. After OMB conducts a mandated review of the guidance, which must last at least 10 days, and approves of it, it will then be published in the […] Read More
  • FY 2019 THUD Funding Bill Update

    The Senate passed its Transportation and Housing and Urban Development (THUD) spending bill over the summer, but the House still has not passed its THUD bill. However, last week, the House agreed to start conferencing with the Senate on a package of spending bills, which includes the THUD spending bill. NYHC urges Congress to adopt […] Read More
  • The Young Leadership Council is Now The Rising Leaders Network

    We are happy to announce the Young Leadership Council is now the Rising Leaders Network (RLN). NYHC believes this new name better represents our emerging professional leadership network’s rapidly growing membership: people ascending through the early- to mid-stage of their careers in affordable housing in the state of New York. So, after 11 successful years […] Read More
  • OCC Seeks Comments on Revising CRA Regulations

    The Office of Comptroller of the Currency (OCC) has issued an Advanced Notice of Proposed Rulemaking and is seeking public comment on ways to reform the Community Reinvestment Act (CRA). CRA was enacted in 1977 largely as a response to redlining, a discriminatory practice in which banks would deny loans to residents living in low-income […] Read More
  • Senate Affordable Housing Task Force

    In response to federal advocacy efforts and growing awareness of housing affordability issues, this summer, Senator Todd Young (R-IN) introduced S.3231, The Task Force on the Impact of the Affordable Housing Crisis Act. This bill would create a bipartisan affordable housing task force to better understand and respond to America’s affordable housing crisis. You can find […] Read More
  • NYHC Speaks at #ABetterDeal Press Conference

    Yesterday, Rep Hakeem Jeffries announced the Democrats’ policy platform “A Better Deal” with focus on Public Housing & Ladders of Opportunity for American Families.  The proposal would provide $70 billion to public housing across the U.S. over 5 years to eliminate the capital needs backlog and boost operating funds.  The plan also ensures a role […] Read More
  • Rachel Fee Testifies at Congressional Hearing

    Rachel testified before the House Financial Service’s Housing and Insurance Subcommittee at a hearing entitled “Oversight of the Federal Government’s Approach to Lead-Based Paint and Mold Remediation in Public and Subsidized Housing,” today in room 2128 of the Rayburn House Office Building. The hearing focused on how the federal government, through Department of Housing and Urban Development (HUD) […] Read More
  • Trump Proposes Government Reorganization Reforms That Would Impact Housing Industry

    Last week the White House released “Delivering Government Solutions in the 21st Century: Reform Plan and Reorganization Recommendations.” The reform plan proposed the following structural changes that would greatly impact the affordable housing industry: Move USDA’s Rural Housing Loan Guarantee and Rental Assistance Programs to HUD. This will cause USDA housing programs to ultimately compete […] Read More