The New York Housing Conference joined 12 other housing coalitions from blue, purple, and red states alike in a joint letter to Congress urging leadership to unlock vital financing for affordable housing production across the United States by making simple tweaks to the Low-Income Housing Tax Credit (LIHTC) before the end of 2022. The letter […]
The New York Housing Conference released a report that shows how the federal AMI for the New York City Metro Area is wildly out of sync with actual incomes in New York City. While there has always been some disconnect between AMI and local incomes, a recent 16 percent increase in AMI over the past […]
In a new Op-Ed in The Hill, Rachel Fee shows what Congress can still do to expand affordable housing supply. Despite signature legislative achievements and a bipartisan effort to lower inflation, the White House and Congress have neglected to address the affordable housing shortage. Housing costs are a major factor in core inflation and a […]
The New York Housing Conference testified at this week’s Zoning and Franchises Subcommittee hearing on the Innovation Queens project. The mixed-use project in Astoria, Queens would include 1,100 affordable apartments – with more than 500 at extremely low income, roughly for households earning $36,000 per year. This one project could add almost three times as […]
Mayor Adams recently released the Mayor’s Management Report (MMR) for fiscal year 2022 (FY2022), which includes data from the last six months of former Mayor de Blasio’s tenure and the first six months of the Adams’ administration. The report showed that HPD produced 16,042 units, a 43 percent decrease from the previous year. The big decrease was in […]
Amid a worsening housing emergency defined by soaring rents and a massive housing shortage, we are disappointed to see a 43 percent decline this year in the production and preservation of affordable homes for New Yorkers who desperately need them. Newly released data from the city shows that HPD produced just 16,042 units of affordable […]
The New York Housing Conference continued the push for a “City that says yes” to housing – including affordable and supportive housing development in every neighborhood. There are currently two projects with affordable housing being proposed in Council District 13 in the eastern Bronx that are getting pushback from some residents. This is a critical […]
On Thursday, August 18th, NYHC and the RLN hosted the third of our Summer Seminar Series with a panel focused on affordable homeownership financing in New York. New York City and New York State need to expand homeownership opportunities so that more New Yorkers can share in the wealth-building and other benefits of owning their […]
More than 90 advocates, experts, and practitioners, including RPA and NYHC, sent a letter to city officials calling for a citywide approach to housing that says “Yes” to affordable housing in all neighborhoods. The letter, sent to Mayor Eric Adams, City Council Speaker Adrienne Adams, and the five Borough Presidents to urge the City to […]
Now is your chance to submit comments to improve the Community Reinvestment Act and we encourage everyone to weigh in before the deadline. The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have issued a notice of proposed rulemaking to update CRA regulations to strengthen the achievement of […]