• Mayor de Blasio’s SOTC Affordable Housing Agenda

    NYHC attended Mayor de Blasio’s State of the City yesterday in which the Mayor kicked off his speech highlighting the public’s growing fear that they will be pushed out of the City and they will be the last generation of their family to be able to afford to live here. He highlighted that despite his […] Read More
  • NYHC State Budget Testimony

    Rachel Fee testified at the State Joint Legislative Budget Committee on the Governor’s Executive Budget on Wednesday in Albany. NYHC called on the Legislature to bolster the impact of the statewide affordable housing plan by fully allocating the promised funding in the 5 year housing plan and providing additional funding for public housing and ESSHI […] Read More
  • NYHC Releases 2020 Policy Agenda

    The Federal, State and Local governments play an important role in funding and creating incentives to develop and preserve affordable housing. In collaboration with our Advisory Board, we are happy to announce our policy priorities for this year. On the federal level, NYHC will be focusing on fighting for more funding for HUD housing programs […] Read More
  • NYS Budget 2020-2021

    Last week, Governor Cuomo released the 2020-2021 Executive Budget outlining priorities for spending $178 billion while closing the $6.1 billion gap. The FY2021 budget marks the last funding year of the 5-year statewide affordable housing plan, which promises to create or preserve 100,000 units of affordable housing and 6,000 supportive housing units. The $20 billion […] Read More
  • Mayor Releases Preliminary Budget Proposal

    Mayor de Blasio proposed a $95.3 billion preliminary budget, which is a $2.5 billion or 2.7% increase over the current enacted budget. This is the smallest percentage increase during his tenure as mayor. The mayor cited in his address that he is concerned about the state’s $6 billion deficient and how it could decrease the state’s funding […] Read More
  • Condo/Coop Tax Abatement to Help #SaveNYCHA

    NYHC is happy to announce that Assembly Member Robert Rodriguez has reintroduced his Coop/Condo Tax Abatement Reform Bill (A7092). We are waiting to hear if the companion bill in the Senate will also be reintroduced. NYC will give away about $600 million this year in a relatively unknown tax break to homeowners. The Cooperative and […] Read More
  • Governor Cuomo’s 2020 State of the State

    This year, Governor Cuomo separated his Executive Budget proposal from his State of the State announcement yesterday which includes 30 initiatives this year. NY State is beginning the new year facing a $6 billion budget gap. While there are no housing-related proposals among his 30 initiatives, he spoke passionately about NY’s homeless problem and his […] Read More
  • Check out NYC’s “Where We Live” Draft Report

    This week, the City of New York released the draft, Where We Live NYC, fair housing assessment report. They will hold a hearing at DCP on February 6th and seek public comments by March 7th. The City of New York has engaged hundreds of residents, over 150 community-based and advocacy organizations, including NYHC, through the process […] Read More
  • Trump Administration Releases Affirmatively Furthering Fair Housing Proposed Changes

    While NYC takes a step forward in fair housing, the federal government takes a step back. This week, HUD released a notice of proposed rulemaking (NPRM) for changes, which we believe will be detrimental, to the Affirmatively Furthering Fair Housing (AFFH) rule. The AFFH rule is a legal requirement that federal agencies and federal grantees further the […] Read More
  • FDIC and OCC’s Proposed Changes to CRA

    The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have jointly proposed sweeping changes to modernize the agencies’ regulations under the Community Reinvestment Act (CRA). The intent is to overhaul CRA assessment boundaries, criteria for activities earning credit in CRA exams and how banks are scored overall for their performance. These changes […] Read More