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Federal Update: What does DOGE and budget reconciliation mean for housing?
DOGE’S CHAINSAW In a leaked memo, aplan was revealed to reduce HUD staff by 50%, from 8,313 staff to 4,047. Provisional staff (606 of them) have already been fired and the next targets are GS13 civil service level and below. Program areas would face steep losses, which are sure to impact HUD-assisted households and affordable housing […] Read More -
NYHC Analysis: Housing Connect Re-Rental Vacancy Problems
NYHC released a new policy brief today: Housing Connect Re-Rental Vacancy Problems. The brief looks at lengthy delays re-renting affordable housing units, costing developers thousands of dollars and delaying desperately needed housing for New York City’s struggling households. The City must prioritize re-renting affordable housing as quickly and efficiently as possible. This will prevent affordable […] Read More -
Mayor Adams FY 2026 Preliminary Budget
Mayor Eric Adams recently released his FY 2026 Preliminary Budget, which included new housing funding agreed to as part of City of Yes and City for All agreement with the City Council and additional funding to combat homelessness. NYC’s investment in housing capital is at a record high. The budget includes an additional $1 billion […] Read More -
NYHC Analysis of FY 2026 Executive State Budget
Governor Hochul recently released her 2026 Executive Budget Proposal, which continues investment in the five-year statewide housing plan, and includes additional policy proposals and new funding to support housing supply, affordability and expand opportunities for homeownership. The budget bills can be viewed here. Housing Supply $1.025 Billion in Capital to Support the City of Yes […] Read More -
In Remembrance of Carol Lamberg: Affordable Housing Luminary
It is with great sadness that we share the news of the passing of Carol Lamberg, a longtime New York Housing Conference Board Member and a legend in the affordable housing community. Carol’s passion for housing justice, her tenacity as an advocate and her compassion as a New Yorker, set her apart in the field. […] Read More -
Governor Hochul Delivers State of the State
In her State of the State address this week, Governor Kathy Hochul shared her budget priorities, reflecting a much more modest approach to housing following a final FY25 budget that included a package of policy changes to spur housing supply across the state. New York Housing Conference views this announcement as complimentary to last year’s […] Read More -
City Council Approves City of Yes with Modifications!
The City Council approved the City of Yes for Housing Opportunity with modifications, following approval by the land use committees, marking a major milestone for the City of Yes. The package passed by the Council committees advances a very strong set of zoning reforms that will deliver 80,000 units of housing over 15 years spread […] Read More -
New NYHC Brief Examines How City of Yes Will Increase Affordability
New York Housing Conference released a new brief that evaluates how City of Yes for Housing Opportunity will create affordability for NYC renters and homeowners and examined how the proposals can be expected to work across NYC and with other tax and housing programs. Given the scale of the crisis, NYHC acknowledges the importance of […] Read More -
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