NYHC submitted comments to the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) regarding their proposed changes to Community Reinvestment Act (CRA). Despite NYHC and other local/national groups calls for the suspension of both CRA comments and any non-COVID19 related comments, the comment period was not suspended. Comments are […] Read More
  • NYS Budget Enacted. Some Housing Priorities Left Out in Difficult Fiscal Environment

    Yesterday, Albany lawmakers passed a $177 billion budget, contending with short term liquidity problems and the other serious economic consequences of COVID-19. Below are housing highlights in the FY2021 enacted budget. For our summary of the new Prevailing Wage requirements, and our concerns regarding a new Public Subsidy Board, click here.The enacted capital budget for Homes & Community […] Read More
  • NYS To Enact New Prevailing Wage Requirement

    On Tuesday, we learned that a new prevailing wage requirement on construction projects performed under private contracts was being discussed and we sent an urgent opposition letter to Governor Cuomo, Speaker Heastie and Senate Leader Stewart-Cousins. Similar bills have surfaced in Albany in previous years and NYHC has been advocating for an affordable housing exemption. There is […] Read More
  • NYHC Opposes Public Subsidy Board

    New York Housing Conference wrote to Governor Cuomo, Speaker Heastie and Senate Leader Stewart-Cousins in partnership with Citizens Housing & Planning Council, Enterprise Community Partners Inc., New York State Affordable Housing Association, Association for Neighborhood & Housing Development and the Supportive Housing Network of New York. We expressed our appreciation for the affordable housing exemptions […] Read More
  • New HUD COVID-19 Funding for NY

    House Appropriations Committee Chairwoman Rep. Nita Lowey’s (D-NY) analysis outlines resources coming to New York in the $2 trillion stimulus package in response to the COVID-19 health crisis. New York state residents can expect $15 billion in unemployment benefits and $15.5 billion in direct payments. New York City can expect $1.4 billion in the relief […] Read More
  • Ways to Utilize COVID-19 ESG & CDBG Funds

    As New York receives federal housing and homelessness funding from the recent CARES Act — hundreds of millions in the first round alone — the City and State will have to decide what their priorities are, as there is some flexibility in how the funding can be used. Below, we outline some of the options […] Read More
  • Housing and homelessness assistance in COVID-19 stimulus bill

    Last night, the Senate passed the Coronavirus Aid, Relief and Economic Security Act (CARES). The House is expected to vote on and pass the $2 trillion stimulus bill on Friday. With direct assistance to families, expanded unemployment benefits and aid to states and localities, there are many significant measures to help households and communities combat […] Read More
  • NYHC OPED on Needed Federal Housing Response to COVID-19 Crisis

    Rachel Fee’s Op-ed was published today in the Gotham Gazette. See text below. The federal response to the economic crisis just over a decade ago swiftly bailed out banks and other financial institutions, but left far too many struggling families in the lurch. It was too little, too late. This was devastatingly true for black […] Read More
  • NYHC Emergency Housing Recommendations to Congress

    As the effects of the coronavirus grows, it is clear that there needs to be robust housing assistance from the federal government to protect homeless people and keep people housed. The second aid package passed yesterday by Congress and signed by the president failed to include housing assistance, but Congress is working on a third […] Read More