“Most of the housing in the tax credit program gets created just below 60 percent,” said Rachel Fee, executive director of New York Housing Conference (NYHC), an affordable housing nonprofit that supports income averaging. The proposal, she argues, would provide deeper affordability for projects in the LIHTC program by having higher earners “cross-subsidize” lower income […]

While full details of President’s Trump’s budget request aren’t expected to be available for a couple of weeks, in last night’s address to Congress, the President proposed an historic increase to military spending. White House officials have promised a $54 billion increase to defense spending, which will come at the expense of affordable housing and […]

The 421-a real estate tax abatement which has been suspended since January 2016 has been rebranded as the “Affordable Housing NY Program” in legislation announced on Sunday by Governor Cuomo.  The 421-a tax abatement had been previously restructured in June 2015 to provide 3 options for affordable rental housing developed which were to work in […]

“What I’ve heard is that the tax credit pricing is only committed to through December 31, and what we’re hearing in a lot of affordable housing projects is, because of tax reform at the federal level, a lot of investors aren’t willing to hold their pricing,” Rachel Fee, executive director of the New York Housing […]

New York Housing Conference teamed up with NYSAFAH for this Crain’s New York op-ed pushing for the release of promised affordable housing funds, the delay of which puts at risk the loss of thousands of new affordable housing units. This $2 billion, promised in a memorandum of understanding, or MOU, represents an unfulfilled piece of […]

After Donald Trump nominated Dr. Ben Carson to lead the department of Housing and Urban Development, Josh Robin analyzed the impact on New York with Bronx Councilman Ritchie Torres, Rachel Fee of the New York Housing Conference and NYU Professor Jacob Faber. Panelists discuss what Dr. Ben Carson might mean for HUD and some of […]

“If you don’t have the vacancy to move around, what kind of opportunity are you creating?” said Rachel Fee, executive director of the New York Housing Conference, an affordable-housing group. Many people “would be forced to stay where they are and find a cheaper unit in their existing neighborhood.”

Rachel Fee of the New York Housing Conference said her organization hoped to see “speedy adoption by the New York State Legislature as well as immediate action on signing a Memorandum of Understanding with Governor Cuomo to spend $2 billion in a 5-year statewide affordable housing plan.” That separate issue of the MOU has been […]

“While programs like the low income housing tax credit and Section 8 vouchers were created as bipartisan initiatives, the Republican policy platform launched this year didn’t address affordable housing at all,” said Rachel Fee, executive director of the nonprofit New York Housing Conference. “We have no idea what to expect in terms of federal priorities.”

NYHC launches new infographic highlighting benefits of RAD and addressing important public housing resident questions on tenant rights. Click to download full document.