The New York Housing Conference helped achieve a huge budget win after producing analysis showing production will drop by 32% if $1 billion is not added this year. We are thrilled that the final budget allocates $1 billion for housing capital in FY25 and $1 billion in FY26 to maintain production and preserve public housing.
The final budget includes about an additional $350 million per year for NYCHA and $650 million per year for HPD. Allocations for capital programs that received increases are in the table below.
