-
New York Housing Conference Remembers Rich Froehlich
The Board of Directors and staff of the New York City Housing Conference wish to express our profound sadness at the passing of Rich Froehlich, the New York City Housing Development Corporation’s First Executive Vice President and Chief Operating Officer. Rich was a leader, both in New York City and nationally, in affordable housing finance. […] Read More -
RLN Summer Series: Universal Rental Assistance: Economic Impact on NY
The New York Housing Conference and HR&A Advisors hosted a briefing on September 24, 2021, on a new report that examines the economic and fiscal impact of universal rental assistance on New York. Congress has proposed a significant expansion of Section 8 Rental Vouchers in the Build Back Better reconciliation bill, making this report especially […] Read More -
New NYHC Report on Universal Rental Assistance
The New York Housing Conference released a groundbreaking new report today studying the economic and fiscal impact of universalizing federal rental assistance programs like the Section 8 voucher, finding that the program would generate $14.7 billion in economic activity, including increasing household spending capacity in New York State by $8.5 billion, while adding 96,000 jobs […] Read More -
NYHC Analysis of Affordable Housing Investment in Federal Infrastructure Bills
Congress is prepared to make historic investments in affordable housing centered on President Biden’s vision of investing in communities to address racial inequity, climate change and economic recovery in his Build Back Better Plan. A two-track approach is underway to pass both a $1.2 trillion bipartisan infrastructure bill, the Infrastructure Investment and Jobs Act (IIJA) […] Read More -
Provisions in Bipartisan Infrastructure Bill Could Mean Competition for Housing Private Activity Bonds
The Infrastructure Investment and Jobs Act (IIJA), the bipartisan bill advancing in Washington, includes two new uses for private activity bonds, which will compete with affordable housing under state volume cap. Since federal tax-exempt private activity bonds are one of the most important financing tools to build and preserve affordable housing, Congress will need to adopt additional legislative changes to offset potentially negative impacts on affordable housing. Read our brief on the proposed changes and […] Read More -
NYHC in the News: August / September 2021
The New York Housing Conference was quoted in several stories and programs over the past several weeks about the state’s eviction moratorium and emergency rental assistance as well as the need for safety and legalization of basement apartments in New York City. See the links below. NY1 – Millions of Americans no longer protected by […] Read More -
NYHC Op-Ed in Thompson Reuters Foundation News: Hurricane Ida should be a wake-up call to address housing shortage
Thompson Reuters Foundation News published an Op-Ed by New York Conference’s Brendan Cheney on the need to address the city’s and the nation’s housing crisis to keep people safe. The flooding caused by Hurricane Ida highlighted how people are living in unsafe housing, including deadly basement apartments, because they cannot afford safe housing. The destruction […] Read More -
White House Revives Federal Financing Bank Program for Affordable Housing
Last week, President Joe Biden announced that he is reviving the partnership between the Department of Treasury’s Federal Financing Bank (FFB) and the Department of Housing and Urban Development’s Risk Sharing Program. The program provides low-cost capital in cooperation with state housing finance agencies for affordable housing development. HUD estimates 20,000 affordable housing units can be created […] Read More -
Analysis: Private Activity Bond Change Would Generate 100,000 Affordable Units Over 10 Years in NYS
A New York Housing Conference policy brief shows how a simple legislative change to tax-exempt private activity bond “PAB” rules can spur the creation of more than 100,000 new affordable homes in New York over the next ten years. Private Activity Bonds have a “50 percent test”, which requires that 50 percent of a development‘s […] Read More -
NYHC Joined Letter Calling on State to Address Challenges with ERAP
New York Housing Conference joined with 11 other housing groups to express concern about the rollout of the state’s Emergency Rental Assistance Program (ERAP) and calling for changes and improvements. The groups welcomed the administration’s announcement of a more streamlined application process, there are still significant barriers to the application process, fund distribution remains intolerably […] Read More