Newsroom

NYHC Analysis of Preliminary FY2027 City Budget

Mayor Mamdani recently released his preliminary FY 2027 budget – a $127 billion plan that both increased the budget to account for known spending that was underbudgeted in the past, and attempted to decrease significant outyear deficits. There is little change to the housing budget in this plan. We have been told that there will […] Read More

NYHC Report: NYC’s Affordable Housing Eviction Crisis and Recommendations to Fix It

The New York Housing Conference released a new report examining eviction trends in subsidized affordable housing and outlining a coordinated policy response to stabilize tenants, strengthen building finances and reduce long-term public costs.  Subsidized affordable housing accounts for a substantial share of eviction filings. Cases are lengthy, arrears increase over time and public expenditures rise […] Read More

NYHC Sign-On Letters to Support State Proposals to Address Distressed Housing

NYHC is calling for two state policies that would help address distressed affordable housing. First, NYHC is proposing the Affordable Housing Stability Court Initiative, which would establish a special court part to serve tenants of affordable housing with city or state regulatory agreements or building units owned by small landlords, preventing eviction and stabilizing tenants […] Read More

Federal Appropriations Bills Likely To Pass With Increased HUD Funding

Thanks to the hard work of advocates all over this state and country, the House and Senate Appropriations Committees have released a budget for the U.S. Department of Housing and Urban Development (HUD) that both rejects the deeply harmful cuts and policy changes proposed in the President’s Budget Request last year and greatly improves on […] Read More

NYHC and More than 60 Partners Oppose Council Legislation

NYHC and 62 partners in the affordable housing community sent a letter to the City Council opposing Intros. 1433 and 1443, which would add significant costs while decreasing affordable housing production. The legislation has been prepared to be voted on by the Council this week. We appreciate the goals the Council is aiming for and […] Read More

Policy Brief: Reduce Red Tape with HPD Budget Autonomy

NYHC issued a policy brief examining NYC’s Office of Management and Budget (OMB)’s role in housing production and made recommendations to make the process more efficient. OMB plays an important role in planning and overseeing the three parts of the City’s $115.9 billion budget: expense, capital, and revenue. Yet, in its role overseeing the budget […] Read More

NYHC Testimony to City Council on Housing Production Legislation

NYHC testified at the City Council’s Land Use Committee on Wednesday about three City Council bills that would put requirements around the City’s affordable housing production for the number of bedrooms and affordability levels. Intro. 1433 would set a minimum percentage of affordable rental units that must be 2- and 3-bedroom units over five years to […] Read More