The New York Housing Conference in coalition with 16 affordable housing experts, nonprofits, and organizations released a critical new report today calling on Governor Hochul and the Legislature to enact a new 5-year housing plan that would more than double past investment at a pivotal moment. The report outlines the extent of the need for housing investment – from record levels of chronic homelessness to widespread rent burden – and provides a roadmap for making a significant dent in the statewide shortage of affordable rental and homeownership opportunities.
The recommendations, split into three priorities, stem from consideration of state affordable housing spending over the last decade and expanded needs, solutions that require legislation to reimagine how the state looks at its role in housing policy, and administrative changes that will ensure agencies have the capacity and transparency necessary to carry out this monumental ask. The total investment required to address the needs NY faces is a $6 Billion Affordable Housing Plan and continued reoccurring program spending, totaling $1 billion over the next five years.
Furthermore, in the case that the Build Back Better Act does not get enacted into law, the plan calls for NY State to invest a total of $13.5 billion in its housing plan over the next 5 years with an additional $1.5 billion annually in capital to NYCHA to address its $40B repair backlog.
The report was produced by NYHC in coalition with 16 partner organizations:
Rural Housing Coalition (RHC)
New York State Association for Affordable Housing (NYSAFAH)
Corporation for Supportive Housing (CSH)
Community Preservation Corporation (CPC)
Association for Neighborhood and Housing Development (ANHD)
Supportive Housing Network of New York (SHNNY)
Neighborhood Preservation Coalition of New York State (NPCNYS)
Center for New York City Neighborhoods (CNYCN)
Regional Planning Association (RPA)
New York State Rural Advocates (NYSRA)
Enterprise Community Partners
Habitat for Humanity NYC and Westchester County
Leading Age New York
New Destiny Housing
The report was covered in Politico New York’s Housing Newsletter. Download the full report here.