New York Housing Conference and Open Plans hosted the webinar Parking Mandates Explained. Eliminating parking mandates is an important provision in the City of Yes for Housing Opportunity. The webinar explained parking mandates, their history and use in NYC, how they impact affordable housing development and the proposal to remove mandates in the City of […]
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 New York Housing Conference today released our third annual NYC Housing Tracker Report, which compiles data on housing production in each City Council district. The findings highlight how a small number of communities are bearing the responsibility of the vast majority of housing production citywide, amplifying NYC’s housing crisis. The report outlines solutions to […]
According to an analysis from NYHC, Mayor Adams’ Executive Budget has insufficient funding to maintain affordable housing production. HPD’s capital funding in FY25 is $2.1B, a reduction of 20% from $2.6B in FY24. NYHC estimates that the number of affordable housing units financed with capital subsidy will drop by 32% next year, financing half the […]
Mayor Eric Adams released his FY 2025 executive budget on Wednesday, proposing a $111.6 billion city budget. As promised recently, this budget does not include another round of cuts (called Program to Eliminate the Gap, or PEGs). Expense Budget In the fall, Mayor Adams had planned to make three rounds of 5% cuts to city […]
Last week New York’s $237 billion FY 2025 budget was released. It takes significant steps toincrease housing supply and addresses other policy issues such as affordable housing insurancediscrimination, deed theft and tenant protections and funding was maintained for vital housingprograms. However, the budget once again excluded the Housing Access Voucher Program,which would have provided rental […]
Yesterday, NYHC hosted a Yes to Housing coalition rally at City Hall Park, loudly supporting the City of Yes for Housing Opportunity. We had great turnout and media coverage. Our coalition is 125 organizations and growing. We showed the strength of the coalition both in terms of numbers and the wide-range of community voices we’re […]
New York Housing Conference recently wrote in strong opposition to S6352-C/A6772-A – a rent reset bill that would undermine the Housing Stability and Tenant Protection Act’s (HSTPA) provisions to prevent excessive rent hikes in rent stabilized apartments at vacancy. NYHC recognizes the HSTPA limitations on major capital improvements (MCIs) and individual apartment improvements (IAIs) are […]
Rapid increases in insurance costs are adding pressure to increase rents and putting the financial viability of affordable multifamily rental housing at risk. To better understand the extent of skyrocketing insurance costs for affordable housing in recent years, the New York Housing Conference examines cost escalation, market discrimination, and decreasing coverage and outlines recommendations for […]
The New York Housing Conference testified before the New York City Council Housing and Buildings Committee this week on the 2023 Housing and Vacancy Survey. The HVS clearly shows that NYC continues to face a housing emergency that warrants the continuation of rent stabilization laws. It also highlights the urgency of meeting a growing need […]