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The New York State Senate and Assembly each released their budget bills today with major implications for affordable housing. The Legislature will negotiate with Governor Cuomo to come to agreement on a budget by April 1st. We are grateful to Assembly Speaker Carl Heastie, Senate Leader Andrew Stewart-Cousins and Housing Chairs Steven Cymbrowitz and Brian […] Read More
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President Trump’s FY 2020 budget proposal entitled “A Budget for a Better America: Promises Kept. Taxpayers First” was released today highlighting the Administration’s top priorities, of which housing definitely is not one. This budget includes $2.7 trillion in spending cuts—higher than any other administration in history and reduces non-defense discretionary spending. The administration requests $44.1 billion in funding […] Read More
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NYHC opposes two bills that have been introduced in the State Legislature this session to establish a new requirement for prevailing wages on construction projects developed with public subsidies. A1261/S1947-Bronson/Ramos- Prevailing wages for all construction workers on City-funded development projects, with the exception of housing where 75%+ of building is 60% or below AMI. Annual […] Read More