Last week, Mayor Bill de Blasio announced that he will restore the $457 million in housing capital cuts in FY 2021, a exciting partial victory in our push to restore the $1 billion in cuts passed last year.
This victory would not have been possible without the support of all of our partners, who make these campaigns possible. We started in June by estimating that the cuts would lead to 21,000 fewer units, which was enhanced by NYSAFAH’s analysis of the impact on jobs and economic spending.
Thanks to our advocacy partners for their outreach including the ANHD, CSH, the Interfaith Assembly on Homelessness and Housing, LiveOn NY, NYSAFAH, the New York State Council of Churches, the Supportive Housing Network of New York and so many other organizations. We also thank Council Members Robert Cornegy, Vanessa Gibson, and Brad Lander for their continued support on the capital budget.
NYHC’s analysis and advocacy work was frequently referenced in news coverage of the decision, including in the following articles:
- The New York Times: What Will New York Real Estate Look Like Next Year?
- POLITICO New York: Affordable housing group makes last push against capital cuts
- POLITICO New York: De Blasio partially restores cuts to affordable housing program
- The Real Deal: De Blasio restores $466M to housing capital budget
- City Limits: City’s Housing Budget Cuts Will Spur ‘Minimal’ Savings, Report Finds
- City Limits: City Restores Some Housing Funds From Pandemic Budget Cuts
- Crain’s New York Business: De Blasio restores $466M of housing cuts
- Gothamist: NYC Housing Budget Cuts Partially Restored As De Blasio Tries To Deliver On Affordable Housing Promises
- BisNow: de Blasio to Restore $466m to Previously Slashed Affordable Housing Budget
This is a big step forward for the thousands of New Yorkers counting on their city to provide affordable housing, but our work is not yet done. We will continue to fight for the full restoration of funding for FY20 and for additional resources at the city, state, and federal level in the critical months to come.
If you’d like to become a partner in this fight, support NYHC’s 47th Annual Awards Program. Funding this event supports our work throughout the year to advance affordable housing for all New Yorkers.