Newsroom

Mayor’s Budget and Call to Action to #SaveNYCHA

On February 7th, the Mayor released his preliminary budget totaling $92.2 billion dollars, including $3 billion in new spending. He also set a savings goal of $750 million, which will be achieved in part by deepening the City’s partial hiring freeze and implementing his Administration’s first Program to Eliminate the Gap (PEG). The Mayor started […] Read More

NYHC Provides Testimony for NYS Joint Legislative Hearing on Housing

New York Housing Conference submitted testimony to the Joint Legislative Hearing on New York State’s Executive Budget. While many of the policy proposals suggested in the Executive Budget will expand housing options and bolster the impact of the statewide affordable housing plan, the need for affordable housing remains great. NYHC stated the cost impact of […] Read More

Sign Letter to End Shutdown & Resume HUD Funding!

NLIHC and the Campaign for Housing and Community Development Funding has circulated a national letter calling on Congress and the White House to end the government shutdown and pass HUD and USDA spending bills as soon as possible. On December 21, Congress failed to provide FY19 funding for several federal agencies causing a partial government shutdown, which […] Read More

Governor Cuomo’s State of the State & Budget

On Tuesday, Governor Cuomo gave his State of the State address in Albany and released his FY2020 Executive Budget, outlining his priorities for the current legislative session. Here is what we currently know about the Executive Budget and the Governor’s legislative priorities for housing. HCR Funding NYS Homes and Community Renewal (HCR) has been reappropriated $2.9 billion. This […] Read More

HUD Shutdown

The Department of Housing and Urban Development (HUD) and eight other federal government agencies have been closed for 13 days because the President and Congress have failed to come to a consensus on the remaining Fiscal Year 2019 spending bills due to a dispute over border wall funding. You can review HUD’s Contingency Plan for […] Read More

NYCHA RFP: PACT Sites in Brooklyn

NYCHA has released a Request for Proposals (RFP) seeking submissions from qualified applicants for financing, tenant-in-place rehabilitation, property management, and social services delivery to facilitate the conversion of nine (9) public housing developments, totaling 2,625 units, to a voucher platform under Section 8 of the U.S. Housing Act of 1937, as amended. The deadline to submit […] Read More

FFB Risk Share Program Expired

The Federal Financing Bank & Risk Sharing (FFB Risk Share) program officially expired on December 31st. It was a flexible financing tool that dramatically lowered the cost of capital for cities and states seeking to finance affordable housing. Since it was introduced ten years ago, the program has financed about 20,000 units nationwide, including 3,000 […] Read More

NYS Senate Housing Committee Chairs Announced

Sen. Liz Krueger, who was ranking minority member of the Finance Committee last session, will chair this important committee this session. The Finance Committee has influence on budgetary matters and also taxation. Sen. Brian Kavanagh will chair the Housing Committee, an especially critical role this year with rent regulations expiring in June. According to City and State, out of […] Read More

NYCHA 2.0 Plan Raises Revenue & Focuses on Improved Maintenance

Today, Mayor de Blasio announced a plan to raise revenue and improve maintenance and operations in public housing. Building on his announcement last month to convert 62,000 public housing through RAD and other programs, the Mayor announced plans to maximize revenue through infill and air right sales. In addition, heightened attention is paid to maintenance […] Read More