• HUD & USDA Funding Will Continue Until Dec. 7th

    Congress has approved a short-term Continuing Resolution (CR) to temporarily continue funding until December 7th to all government programs without approved FY 2019 spending bills, which affects HUD and USDA housing programs. The bill will now be sent to the White House for final approval. President Trump has stated he intends to keep government open and will sign it. This […] Read More

  • House Approves Hurricane Florence Recovery Funding

    The House of Representatives, on Wednesday, also passed H.R. 302, Federal Aviation Authorization Act of 2018, which includes a $1.68 billion down payment for Hurricane Florence disaster relief. The relief includes $1.14 billion in Community Development Block Grant – Disaster Recovery (CDBG-DR) Program funding for North Carolina to support initial recovery efforts. The Senate will work to […] Read More

  • FFB Risk Share Program In Jeopardy

    Federal Financing Bank and Risk-Sharing Program (FFB Risk Share) was created ten years ago in response to the housing recession. It is a flexible financing tool that dramatically lowers the cost of capital for cities and states seeking to finance affordable housing. Since it was introduced, more than 20,000 affordable homes were financed through this program, which […] Read More

  • RLN Creates NEW Connectors Program!

    The New York Housing Conference Rising Leaders Network (RLN) is proud to announce the creation of the Connectors Program. The program will help expand the networks of RLN members through pairings with established leaders (“Connectors”) in the affordable housing community in New York. The program will kick-off in January, 2019. Each “Connector” is paired with a “Connectee,” a member of […] Read More

  • Forthcoming IRS Guidance on Opportunity Zones

    The IRS submitted Opportunity Zone regulatory guidance to the Office of Information and Regulatory Affairs, a division of the White House Office Management of the Budget (OMB) for review. After OMB conducts a mandated review of the guidance, which must last at least 10 days, and approves of it, it will then be published in the […] Read More

  • FY 2019 THUD Funding Bill Update

    The Senate passed its Transportation and Housing and Urban Development (THUD) spending bill over the summer, but the House still has not passed its THUD bill. However, last week, the House agreed to start conferencing with the Senate on a package of spending bills, which includes the THUD spending bill. NYHC urges Congress to adopt […] Read More

  • The Young Leadership Council is Now The Rising Leaders Network

    We are happy to announce the Young Leadership Council is now the Rising Leaders Network (RLN). NYHC believes this new name better represents our emerging professional leadership network’s rapidly growing membership: people ascending through the early- to mid-stage of their careers in affordable housing in the state of New York. So, after 11 successful years […] Read More

  • OCC Seeks Comments on Revising CRA Regulations

    The Office of Comptroller of the Currency (OCC) has issued an Advanced Notice of Proposed Rulemaking and is seeking public comment on ways to reform the Community Reinvestment Act (CRA). CRA was enacted in 1977 largely as a response to redlining, a discriminatory practice in which banks would deny loans to residents living in low-income […] Read More

  • Senate Affordable Housing Task Force

    In response to federal advocacy efforts and growing awareness of housing affordability issues, this summer, Senator Todd Young (R-IN) introduced S.3231, The Task Force on the Impact of the Affordable Housing Crisis Act. This bill would create a bipartisan affordable housing task force to better understand and respond to America’s affordable housing crisis. You can find […] Read More

  • NYHC Speaks at #ABetterDeal Press Conference

    Yesterday, Rep Hakeem Jeffries announced the Democrats’ policy platform “A Better Deal” with focus on Public Housing & Ladders of Opportunity for American Families.  The proposal would provide $70 billion to public housing across the U.S. over 5 years to eliminate the capital needs backlog and boost operating funds.  The plan also ensures a role […] Read More
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