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NYHC Testifies About Housing and Vacancy Survey
The New York Housing Conference testified before the New York City Council Housing and Buildings Committee this week on the 2023 Housing and Vacancy Survey. The HVS clearly shows that NYC continues to face a housing emergency that warrants the continuation of rent stabilization laws. It also highlights the urgency of meeting a growing need […] Read More -
NYHC Releases 2024 Policy Priorities
New York Housing Conference released our 2024 Policy Priorities for city, state and federal housing policy. NYHC’s mission is to advance City, State and Federal policies and funding to support the development and preservation of decent and affordable housing for ALL New Yorkers. Working towards achieving this mission, in 2024 we are prioritizing: See our […] Read More -
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Recap: NYHC Webinar on 421a and Good Cause Eviction Policy Briefs
The New York Housing Conference recently hosted a webinar on two policy briefs on Good Cause Eviction and 421a. Frustrated by state inaction on housing last session and incomplete information on critical issues, the nonprofit adds data and analysis to help shape the discussion. The first brief analyzed data from the 2021 New York City […] Read More -
Senate Finance, House Ways & Means Announce Tax Framework That Includes LIHTC
This morning, House Ways and Means Committee Chairman Jason Smith (MO-08) and Senate Finance Committee Chairman Ron Wyden (D-OR) announced a bipartisan, bicameral tax framework that includes two much needed reforms to the Low Income Housing Tax Credit. It restores the 12.5 increase for the 9 percent LIHTC through 2025 and lowers the 50 percent bond-financing requirement for […] Read More -
NYHC Releases New Policy Briefs on 421a and Good Cause Eviction
The New York Housing Conference released two policy briefs today on Good Cause Eviction and 421a. Frustrated by state inaction on housing last session and incomplete information on critical issues, the nonprofit adds data and analysis to help shape the discussion. The first brief analyzes data from the 2021 New York City Housing and Vacancy […] Read More -
NYHC Updates Analysis of Arrears in Affordable Housing
New York Housing Conference has updated our analysis from last spring of arrears in affordable housing. The analysis shows that arrears in affordable housing remain at exceptional levels. In more than 52,000 units operated by nonprofit and for-profit providers, 17,880 units – 34 percent of households – in affordable housing are in arrears of more […] Read More -
NYHC Budget Analysis: First Round of City Budget Cuts Have Minimal Impact, But We Remain Concerned About Hiring Freeze and Further Cuts
Mayor Adams recently released his November budget plan, which showed agency’s proposed cuts to meet Mayor Adams’s call for 15% cuts in total over the next three plans, including 5% in the November plan. We appreciate the support of our partners in joining our letter to the Mayor last month calling for housing funding and services to be protected from […] Read More -
NYHC Sign-On Letter Opposes Budget Cuts and Hiring Freeze
New York Housing Conference drafted a sign-on letter calling on Mayor Eric Adams to exempt housing-related agencies from the proposed budget cuts and hiring freeze. We are concerned that the proposed budget cuts would reverse recent gains and meaningful production by HPD and impact housing placement and development citywide. Mayor Adams instructed agency heads to […] Read More -
NYHC Analysis of HPD FY2023 Affordable Housing Production
Last fiscal year (FY 2023) HPD financed more than 26,000 units of affordable housing. Recent data released on NYC Open Data allows us to provide more context about affordable housing production in New York City last year compared to previous years. In FY 2023 the City financed 26,682 units of affordable housing – both through […] Read More