• 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

  • New York’s Rental Arrears Crisis

    The New York Housing Conference released a policy brief today studying the growing rental arrears crisis in New York State that began during the pandemic. The study looks at New York’s affordable housing stock, which includes all apartments operating under a regulatory agreement between the property owner and a government entity that restricts rent based […] Read More

  • NYHC Policy Symposium: Solutions to NY’s Housing Supply Shortage

    NYHC and the RLN hosted the third Winter Thought Leader event – a policy symposium on Solutions to NY’s Housing Supply Shortage this week. Experts on housing & zoning discussed NY’s challenges and solutions including Governor Hochul’s Housing Compact. At the first panel – The Housing Compact: Need and Impact – HCR Commissioner RuthAnne Visnauskas presented on the […] Read More

  • Unlocking Housing Access: Transit Oriented Development and the New York Housing Compact

    Earlier this year Governor Kathy Hochul announced her Housing Compact – a robust statewide strategy to increase housing supply and combat exclusionary zoning, with the goal of producing 800,000 new homes over the next decade. The land use proposals include statewide production goals, transit-oriented development and an appeals process. A new report commissioned by the […] Read More

  • NYHC Testifies on State Housing Budget

    Rachel Fee testified at the State Joint Legislative Budget Hearing on Housing, supporting Gov. Kathy Hochul’s Housing Compact, including housing growth targets and Transit-Oriented Development, and related infrastructure and planning funding. She also described support for new and existing tax incentives, the Housing Access Voucher Program and funding to address the rental arrears crisis in […] Read More

  • NYHC Supports Bold Citywide Rezoning Proposal in the City of Kingston

    Today New York Housing Conference submitted comment in support of a citywide rezoning proposed as part of the Kingston Forward Initiative. The proposal would allow for new, diverse housing types such as accessory dwelling units, duplexes, and triplexes, to meet a diversity of housing needs and price points, It sets affordability requirements, eliminates minimum parking […] Read More

  • NYHC Releases Factsheet on New York Housing Compact

    As part of her fiscal year 2023-2024 executive budget, Governor Kathy Hochul released the details of the Housing Compact – a robust statewide strategy to increase housing supply and combat exclusionary zoning, with the goal of producing 800,000 new homes over the next decade. The land use proposals include statewide production goals, transit-oriented development and […] Read More
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