NYC Housing Tracker
NYHC Federal Housing Housing Advocacy
Stay Informed
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Last week, the White House released the President’s FY2027 budget request. The administration is requesting $73.5 billion in funding for the Department of Housing and Urban Development – about a five percent cut from the $77.3 billion provided in the final FY26 budget. This is a far cry from last year’s proposal to block grant […] Read More
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Last month, Mayor Mamdani released his FY 2027 preliminary budget. The housing budget was mostly unchanged while his team develops his housing plan. NYHC testified about housing issues and needs at four City Council hearings. Housing and Buildings Committee: NYHC testified highlighting three issues: ensuring sufficient capital resources for affordable housing production; the distressing CRISIS […] Read More
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There is a growing crisis of distress in affordable housing. A recent study by Enterprise Community Partners and LISC found more than half of the 428 projects in their portfolios (totaling 37,130 units) have negative cash flow. There are many causes for the growing distress and while this problem has been slowly brewing since 2020, […] Read More