Say Yes to Housing
NYHC NYC Housing Tracker
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If you are having issues watching the webinar recording above, please view it on Zoom by clicking HERE. Read More
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According to an analysis from NYHC, Mayor Adams’ Executive Budget has insufficient funding to maintain affordable housing production. HPD’s capital funding in FY25 is $2.1B, a reduction of 20% from $2.6B in FY24. NYHC estimates that the number of affordable housing units financed with capital subsidy will drop by 32% next year, financing half the […] Read More
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Mayor Eric Adams released his FY 2025 executive budget on Wednesday, proposing a $111.6 billion city budget. As promised recently, this budget does not include another round of cuts (called Program to Eliminate the Gap, or PEGs). Expense Budget In the fall, Mayor Adams had planned to make three rounds of 5% cuts to city […] Read More