• ASAP Housing Act Introduced in House

    New York Housing Conference worked with Congressman Ritchie Torres (D-15) to introduce the Accelerated Supply of Affordable Production [ASAP] Housing Act (H.R. 9856). The ASAP Housing Act would exempt affordable housing from counting towards federal limits on state volume cap issuance for tax-exempt private activity bonds for ten years. The volume cap artificially limits how […] Read More

  • Presidential Candidate Harris Announces Economic Agenda that Includes Housing

    On Friday, Democratic presidential candidate Vice President Kamala Harris announced the framework of her economic agenda and called for the construction of 3 million new homes in the next four years. The announcement included proposals to support renters, new homeowners and increase housing supply. The proposals, many of which are an expansion of efforts by […] Read More

  • 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

  • Senator Gillibrand and Majority Leader Schumer Secure Insurance Reporting in Appropriations Bills!

    This week Senator Kirsten Gillibrand and Majority Leader Chuck Schumer successfully secured language for a report on property insurance in the Senate mark-ups of both the Financial Services and General Government (FSGG) and Transportation, Housing and Urban Development (THUD) appropriations bills. The language directs the Federal Insurance Office, in partnership with HUD, to conduct research […] Read More

  • Bipartisan Tax Deal With LIHTC Fails to Advance in Senate

    Yesterday a procedural vote to consider the Tax Relief for American Workers Act (H.R. 7024) in the U.S. Senate failed. The tax bill, which passed overwhelmingly in the House in January 357 to 70 would have restored the 12.5% increase to 9% low-income housing tax credit (LIHTC) allocations for 2023-2025 and decreased the private activity […] 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

  • Details on Additional $2B for Housing Capital!

    The New York Housing Conference helped achieve a huge budget win after producing analysis showing production will drop by 32% if $1 billion is not added this year. We are thrilled that the final budget allocates $1 billion for housing capital in FY25 and $1 billion in FY26 to maintain production and preserve public housing. […] 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
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