• NYHC Testifies at Queens Borough President City of Yes Hearing

    NYHC Director of Policy and Operations Brendan Cheney testified at the Queens Borough President’s public hearing on the City of Yes for Housing Opportunity, sharing the need for more housing to address our housing crisis and history of housing discrimination. Our NYC Housing Tracker data shows that housing production is not shared equitably across the […] Read More

  • FY2024 NYC Affordable Housing Production: Record Production and Focus on Deep Income

    Mayor Adams announced HPD’s affordable housing production for city fiscal year 2024 this week, with some categories having the highest production on record. Adams announced that HPD financed 25,266 units of affordable housing in fiscal year 2024 (HPD counts affordable housing when it closes on financing or when the developer applies for 421a). This includes […] Read More

  • NYHC and Open Plans Host Webinar on Parking Mandates

    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 […] Read More

  • NYHC Releases 2024 NYC Housing Tracker Report

    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 […] Read More

  • Analysis of Mayor Adams’s FY25 Executive Budget

    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 […] Read More

  • Albany Enacts Budget to Spur Housing Supply

    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 […] Read More

  • NYHC Leads Strong Yes to Housing Coalition Rally at City Hall Steps

    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 […] Read More

  • NYHC Writes in Strong Opposition to Proposed Rent Reset Bill

    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 […] Read More

  • NYHC: Alarming Risk of Rising Insurance Costs for Affordable Housing

    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 […] Read More
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