• New York State Funds $2.5B Affordable Housing Plan!

    This weekend, the New York State Legislature passed a $153 billion spending plan for 2017-2018. In addition to affordable housing programs funded through annual appropriations and the Mortgage Insurance Fund, the budget includes $2.5 billion for a 5-year statewide housing plan proposed by Governor Cuomo. Making good on a year-old promise to launch a new […] Read More

  • HPD Commissioner Maria Torres-Springer Caps Off “Thought Leader” Series

    Our Young Leaders hosted HPD Commissioner Maria Torres-Springer in the finale of its “Thought Leaders” series this week. The Commissioner praised the holistic approach the city applies to housing policy that incorporates economic and workforce development and looks forward to building on HPD’s continuing work in this effort. She advised younger professionals in the industry […] Read More

  • With Federal Budget Cuts Looming, Cuomo Must Step Up to Fund Housing

    Rachel Fee, Executive Director, New York Housing Conference, and Judi Kende, New York market leader at Enterprise Community Partners, argue in this op-ed that “it has been nearly a year since state leaders committed $2 billion for affordable housing across the state through a Memorandum of Understanding (MOU), but they have yet to release the […] Read More

  • Can Andrew Cuomo Really Deliver On His Housing Promises?

    “We’re not opposed to incentives for the construction of rental housing and we’ve supported 421A in the past, but in Albany, tying these things together makes it very difficult to make progress on affordable housing,” NYHC’s Rachel Fee. “At this time of federal uncertainty we need local progress and local investment so we’re relying on […] Read More

  • Housing Community Welcomes New Commissioners

    The NYHC Advisory Board held a reception on March 30th for the two new housing commissioners: HPD’s Maria Torres-Springer and HCR’s RuthAnne Visnauskas. After the Commissioners presented updates on their respective agencies’ work to address housing needs in New York City and throughout the state, the board engaged in a discussion of regulatory fixes that […] Read More

  • NYHC Introduces Tax-Exempt Housing Bonds Infographic

    Tax-Exempt Housing Bonds, under possible threat in federal tax reform, finance 40% of affordable housing new construction. At a marginal expense to the federal government, housing bonds are a low-cost financing tool that puts into a motion a huge multiplier effect that produces jobs and bolsters our country’s rental and owner-occupied housing stock. Click the […] Read More

  • Trump to Cities: Drop Dead

    As the Trump Administration proposes massive cuts to everything from housing programs to environmental enforcement, it doesn’t specify exactly where reductions will come from with some exceptions, such us the complete elimination of what’s called the Community Development Block Grant. “[CDBG] does serve a wide range of community needs, but to say it’s not targeted isn’t […] Read More

  • NYHC Publishes Analysis of NYS Housing Budgets

    This week, the 1-house bills came out of Albany from the Senate and Assembly.  The Senate’s IDC and Democratic Conference also released their own budget proposals.  NYHC was hopeful that the MOU stalemate would be averted in the budget process as we have endured a year of inaction on what is now $2.5 billion in […] Read More

  • NYHC Outlines White House’s Proposed $6.2 Billion Cut to HUD Budget

    President Trump’s FY 2018 Budget Blueprint plan was released today which will increase defense funding by $54 billion by cutting non-defense discretionary spending.  A more detailed plan is expected to be released later this spring.  The blueprint includes severe cuts to the Department of Housing and Urban Development (HUD) of 13.2 percent decrease from the 2017 […] Read More
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