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.