New York
New York Lawmakers Advocate for State Historic Credit
New York’s Independent Democratic Conference (IDC) last week called for the reinstatement of New York’s Historic Rehabilitation Tax Credit (HRTC) program and released a report promoting the benefits of the HRTC entitled “Investing in our Upstate Economy: The Historic Rehabilitation Tax Credit.”
Census Bureau & HUD Release New Housing Data Files
The Census Bureau and HUD have released new housing data files for the following Metro Areas.
Governor Cuomo Proposes Housing Budget Cuts
New York Gov. Andrew Cuomo recently revealed his 2011-2012 Executive Budget proposal that includes approximately $308 million for the Division of Housing and Community Renewal, a figure that represents a nearly $157 million reduction from last year’s budget.
State Historic Rehabilitation Tax Credit Outlook for 2011
NH&RA Historic Preservation Development Council Member MacRostie Historic Advisors has posted an excellent state historic tax credit update on its website.
New York Release Report on Performance of State’s LIHTC Portfolio
New York State Homes and Community Renewal (HCR) has released a new report entitled “A Performance Report of New York State’s Low Income Housing Tax Credit Portfolio.”
Top NY Housing Official Announces Details of Agency Integration
Today, New York’s top housing official, Brian Lawlor, will be announcing the details of the consolidation and merger of New York’s primary housing agencies ““ NYHomes and the Department of Housing & Community Renewal ““ into a single organization under a single leadership structure.
New York Governor Signs Rehab Tax Credit Legislation
New York Governor David Paterson has signed into law new legislation that amends the state’s historic rehabilitation tax credit program to make it easier for banks and insurance companies to utilize the program.
New York State Budget Defers Rehabilitation Tax Credits
Earlier this month, the New York State Legislature passed the final bill needed to authorize the 2010 state budget. Among other things, the final budget defers New York State Rehabilitation Tax Credits earned between 2010 and 2012 exceeding $2 million.
New York Agencies Hold Joint Session to Discuss Integration
On July 13, Brian Lawlor, Commissioner of DHCR and CEO of “nyhomes,” met with senior staff from both agencies and housing advocates from Long Island at the first of several roundtables to discuss opportunities and goals for the integration of nyhomes and DHCR.
LISC, Enterprise Release Report on LIHTCs in New York City
The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners recently released a new report that assesses the effects of LIHTC projects throughout New York City on property values to reflect the market’s assessment of neighborhood quality.
New York Governor Introduces Legislation to Amend Rent Laws
New York Governor David Paterson recently introduced a package of proposed legislative amendments to modify and extend the state’s rent laws for eight years, reduce the rate at which apartments become deregulated, provide additional protections for tenants, and address a recent Court of Appeals decision that resulted in uncertainty about the status of thousands of deregulated apartments.
Tenant Group Reports on New York City’s Affordable Housing Outlook
The Association for Neighborhood and Housing Development (ANHD), a nonprofit group that represents middle- and low-income tenant groups, recently published a study, entitled “A Permanent Problem Requires a Permanent Solution: New York City’s Next Affordable Housing Expiring-Use Crisis and the Need for Permanent Affordability.”