Yesterday Mayor Eric Adams released his preliminary FY 2024 budget. Before the budget was released, Adams talked about the need for fiscal restraint and his budget director called on agencies to permanently cut half of their positions that were vacant as of October 2022. In response to the news of this letter, NYHC led a […] Read More
Today at the State of the State, Governor Kathy Hochul announced the New York Housing Compact, a bold new statewide strategy to increase housing supply and combat exclusionary zoning, with the goal of producing 800,000 new homes over the next decade. The Housing Compact has the potential to be truly transformative for New York. It […] Read More
NYHC sent a letter, co-signed by 111 organizations, to Mayor Eric Adams this week opposing staffing cuts to housing agencies and calling on him to increase housing capital funding to meet rising construction costs and interest rates. According to press reports, city agencies are being required to cut half of the positions vacant as of […] Read More
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 […] Read More
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 […] Read More
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 […] Read More
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 […] Read More
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 […] Read More
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 […] Read More
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 […] Read More
