New York

Nixon Peabody wrote an analysis of the new state historic tax credit transfer program that went into effect April 23, 2026 with the publication of the Program Guideline. New York State issued procedures to allow transfer of state historic tax credits (SHTC) allowed in any given year to other entities upon issuance of a Transfer […]

The New York Housing Conference released a new case study examining delays in leasing newly constructed affordable housing through NYC’s Housing Connect lottery system and outlining practical reforms to accelerate move-ins for low-income and homeless New Yorkers. The analysis found it took 27 months to lease 180 newly constructed affordable apartments in the Bronx, including 18 months after the lottery closed, […]

Governor Kathy Hochul announced more than $240 million in tax credits and subsidies to create and preserve 1,800 affordable homes in 27 housing developments across New York. The awarded projects include housing with supportive services, accessibility features, and incorporate sustainability measures to keep costs down for residents and help address climate change.  The awards are provided through New York […]

New York State Homes and Community Renewal (HCR) announced that Urban Homesteading Assistance Board and Housing Partnership Network were selected to administer its Risk Reduction and Insurance Affordability pilot program, which will help non-profit housing providers reduce costs by joining insurance captives. The two groups will work directly with non-profit affordable housing providers across the state to assess the risk profile […]

Governor Kathy Hochul signed a legislative package to bolster homeownership and strengthen protections for renters. This furthers her five-year affordable housing plan to create or preserve 100,000 homes, the largest such plan in New York’s history.   The homeowner package will make homeownership more attainable through tax incentives and strengthens laws and policies to combat […]

States have historically played important roles in providing social services, including housing assistance.

On Thursday, Nov. 7, 2024, NYSAFAH will host its Annual Awards for Excellence in Affordable Housing at The Yale Club in New York City.

Mayor Eric Adams (D) made housing one of his main priorities at his 2023 State of the City speech along with jobs, care, and safety and quality of life.

During the State of the State, Governor Kathy Hochul announced the New York Housing Compact, a statewide strategy to increase housing supply and combat exclusionary zoning, with the goal of producing 800,000 new homes over the next decade.

Mayor Eric Adams announced new proposals to address the housing crisis and set a “moonshot” goal of meeting the need for 500,000 new homes over the next decade.

New York State announced the Climate Friendly Homes Fund (CFHF), which will provide $250 million in funding for electrification retrofits of affordable multifamily housing developments in the state.

New York State Homes & Community Renewal is offering $250 million via its Climate Friendly Homes Fund to electrify or partially electrify 10,000 units of multifamily housing that serve economically disadvantaged communities.