Support NYHC’s CRISIS Agenda

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, an urgent response is now required. The city must meet this urgency by investing resources, staffing and policy reforms to aid buildings unable to meet the debt coverage ratios established by their lenders. Solutions must focus on aiding buildings at risk of default, increasing revenue in affordable housing buildings and decreasing expenses.

As such, we are introducing the C.R.I.S.I.S. agenda – Affordable Housing Preservation Coalition priorities for the City Council and the Mamdani Administration to address operating deficits in affordable housing.

Please add your organization’s support below.

Current Supporters

ANHD
BRC
Broadway Community
Catholic Charities Progress of Peoples Development Corporation
Citizens Housing and Planning Council
Community Preservation Corporation
Dattner Architects
DC37
Fair Housing Justice Center
Faith in the Public Square
Fifth Avenue Committee
Interfaith Assembly on Homelessness and Housing
LISC NY
Neighborhood Restore HDFC
New Destiny Housing
NYC Housing Partnership
New York Housing Conference
New York State Association for Affordable Housing
NYAH Advisors, LLC
Rockabill Development, LLC
St. Nicks Alliance
Supportive Housing Network of New York
Terra Linda Housing Services
University Neighborhood Housing Program