Newsroom

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

Gov. Hochul’s 2023-2024 Executive Budget Proposes Transformational Changes to Add Housing Supply

Governor Kathy Hochul released her fiscal year 2023-2024 executive budget which proposes $125.2 billion in state operating funds and $21.4 billion in capital funding. Housing is a major focus of the budget, which filled in details of the Housing Compact announced in her State of the State last month, and included related new spending like planning […] Read More

Mayor Eric Adams’s Preliminary FY2024 Budget Spared HPD, Affects Service Agencies

Yesterday Mayor Eric Adams released his preliminary FY 2024 budget. Before the budget was released, Adams talked about the need for fiscal restraint and his budget director called on agencies to permanently cut half of their positions that were vacant as of October 2022. In response to the news of this letter, NYHC led a […] Read More

Governor Hochul Announces Historic Land Use Proposals to Increase Housing Supply

Today at the State of the State, Governor Kathy Hochul announced the New York Housing Compact, a bold new statewide strategy to increase housing supply and combat exclusionary zoning, with the goal of producing 800,000 new homes over the next decade. The Housing Compact has the potential to be truly transformative for New York. It […] Read More

NYHC Leads Sign-On Letter to Oppose Staffing Cuts and to Increase Housing Resources

NYHC sent a letter, co-signed by 111 organizations, to Mayor Eric Adams this week opposing staffing cuts to housing agencies and calling on him to increase housing capital funding to meet rising construction costs and interest rates. According to press reports, city agencies are being required to cut half of the positions vacant as of […] Read More

NYHC & 12 Other Housing Coalitions Representing 11 States Call On Congress to Lower 50 Percent Test

The New York Housing Conference joined 12 other housing coalitions from blue, purple, and red states alike in a joint letter to Congress urging leadership to unlock vital financing for affordable housing production across the United States by making simple tweaks to the Low-Income Housing Tax Credit (LIHTC) before the end of 2022. The letter […] Read More

NYHC & UFH Reports: Federal AMI Out of Sync with NYC Incomes; City Must Target Deep Affordability

The New York Housing Conference released a report that shows how the federal AMI for the New York City Metro Area is wildly out of sync with actual incomes in New York City. While there has always been some disconnect between AMI and local incomes, a recent 16 percent increase in AMI over the past […] Read More

Op-Ed: The US has an affordable housing shortage. Here’s what Congress can do to fix it

In a new Op-Ed in The Hill, Rachel Fee shows what Congress can still do to expand affordable housing supply. Despite signature legislative achievements and a bipartisan effort to lower inflation, the White House and Congress have neglected to address the affordable housing shortage. Housing costs are a major factor in core inflation and a […] Read More

NYHC City Council Testimony: Get to “Yes” on Housing Projects

The New York Housing Conference testified at this week’s Zoning and Franchises Subcommittee hearing on the Innovation Queens project. The mixed-use project in Astoria, Queens would include 1,100 affordable apartments – with more than 500 at extremely low income, roughly for households earning $36,000 per year. This one project could add almost three times as […] Read More

HPD Projects 18,000 Units for FY2023

Mayor Adams recently released the Mayor’s Management Report (MMR) for fiscal year 2022 (FY2022), which includes data from the last six months of former Mayor de Blasio’s tenure and the first six months of the Adams’ administration. The report showed that HPD produced 16,042 units, a 43 percent decrease from the previous year. The big decrease was in […] Read More