• Key Bills for State to Pass Before Session Ends

    There are less than 10 days left of session before the Legislature goes home until next year but there are still several uncontroversial housing bills that should be a priority for lawmakers right now. These bills would update existing laws to allow New York City to continue moving forward on its affordable housing agenda and […] Read More
  • Final State Budget Fails to Deliver on Housing Supply

    This week, the Governor and Legislature finalized the $229 billion state budget, excluding any plan for increasing housing supply and addressing exclusionary zoning across the state. In her executive budget, Governor Hochul proposed the Housing Compact – a bold statewide growth strategy that would have complemented the 5-Year Affordable Housing Plan, addressed exclusionary zoning while providing flexibility for localities, incentivized […] Read More
  • NYHC Testifies to City Council on Affordable Homeownership

    Brendan Cheney testified at the City Council’s Housing and Buildings Committee this week about the need for increased attention and resources for affordable homeownership. He cited data showing limited production of affordable homeownership housing over the past several years, including under Mayor Eric Adams’s first year. Last year Mayor Adams committed to increasing affordable homeownership […] Read More
  • NYHC Submits Comments on AFFH Proposed Rule

    New York Housing Conference submitted comments on HUD’s proposed new affirmatively furthering fair housing (AFFH) regulation (Docket No. FR-6250-P-01). The AFFH mandate is a provision of the Fair Housing Act of 1968. However, decades after the passage of this landmark legislation, it went unenforced. The 2015 AFFH rule sought to address this longstanding barrier to […] Read More
  • NYHC Statement on State Legislature’s Rejection of Gov. Hochul’s Housing Compact

    *FOR IMMEDIATE RELEASE* Contact: Helen Stevenson, (201)787-1065, helen@marathonstrategies.com NEW YORK HOUSING CONFERENCE: LEGISLATURE FAILING TO ADDRESS SEGREGATION, HOUSING SHORTAGE WITH HOUSING COMPACT REJECTION Leading Housing Advocacy Group Condemns Legislature for Continued Opposition to Hochul’s “Comprehensive, Data-Driven Policy Plan” NEW YORK – The New York State Legislature today failed to pass Gov. Hochul’s Housing Compact. In […] Read More
  • New York State Legislature Releases One-House Budgets

    Last week the Legislature released their one-house budgets outlining their priorities and formally kicking off budget negotiations. The housing growth strategy outlined in both the Senate and Assembly versions of the budget bill is a weak, incentive-driven approach that we know hasn’t worked in other states. The crisis is too dire to try and resuscitate failed housing policies of […] Read More
  • Biden Administration Releases FY24 Budget Proposal

    President Biden released his FY24 budget proposal, which expands the Low-Income Housing Tax Credit, requests $73.3 billion in HUD funding – a 1.3 percent increase from the FY23 enacted levels, and proposes more funding for affordable housing in the mandatory side of the budget. Tax Proposals The budget proposal includes a $28 billion expansion of LIHTC and reduces the 50 percent test. The 50 percent requirement for private activity bond financing would […] Read More
  • NYHC Testifies on FY 2024 Preliminary City Budget

    NYHC testified today on the FY 2024 preliminary city housing budget, touching four areas of concern. You can read our full testimony here. We remain concerned about understaffing at HPD and housing-related agencies. HPD has 170 fewer positions than January 2020 before the pandemic. We are seeing some progress – 1% increase in headcount from […] Read More