New York
New York Mayor Release Housing Plan
Mayor Eric Adams (D) released his housing plan, which included in one plan NYCHA, homelessness, affordable housing production, health and safety, and reducing administrative burdens.
New York Enacts $25 Billion Housing Plan
Governor Kathy Hochul (D) and the Legislature reached an agreement last week on the FY2023 Budget, which includes a new $25B, five-year statewide affordable housing plan, some funding for NYCHA, and much-needed aid to renters still facing the financial instability brought by the COVID-19 pandemic.
Report Quantifies a Decade of Housing Production Under New Yorks 421-a
A new report from the NYU Furman Center provides a detailed picture of the housing produced under the contentious 421-a tax exemption, including how trends shifted when the program was last reauthorized.
Initial Analysis of New York State’s Housing Stability and Tenant Protection Act
HUD’s most recent “In Depth” article highlights a New York state ordinance that expands protections for renters.
Mayor Eric Adams Announces Housing Leaders
New York City Mayor Eric Adams announced his housing leadership team. He named Jessica Katz the chief housing officer at City Hall.
New York Governor Proposes $25 Billion, 100,000 Unit 5-Year Housing Plan
In her State of the State address, Governor Kathy Hochul (D) proposed a new $25 billion, 100,000-unit, five-year housing plan (SOTS page 125).
New York State Modifies, Extends Eviction Moratorium through Jan. 15, 2022
New York Gov. Kathy Hochul (D) convened a special session of the New York state legislature, which then voted to extend the eviction moratorium until Jan. 15, 2022 and implement certain changes to the moratorium to address two recent Supreme Court decisions that blocked portions of the State’s moratorium and the larger Federal moratorium.
New York’s HONDA Act Incentivizes Adaptive Reuse of Hotels into Affordable Housing
New York becomes the latest state to pass legislation that seeks to convert distressed hotels or other commercial properties into affordable housing, creating opportunities for property owners and nonprofit organizations.
Supreme Court Blocks Enforcement of New York Anti-Eviction Law
The U.S. Supreme Court recently granted an injunction blocking enforcement of a New York anti-eviction law, finding that a key provision allowing tenants to attest to their pandemic-related hardship in order to prevent eviction violates landlords’ due process.
Apply for New York RFQLs Now to Access Gap Funding Later
RetrofitNY is continuing to make progress in transforming New York’s existing building stock to net-zero energy (NZE). RetrofitNY will be releasing new funding in Q3 2021 for NZE and near-NZE retrofit pilot projects. To access funding, you will need to be pre-qualified through at least one of our existing Request for Qualifications (RFQL).
Equitable Path Forward: Advisory Services Available for BIPOC Developers in NY, NJ, PR and VI
Enterprise Community Partners is launching Equitable Path Forward: Advisory Services (EPF AS), a 24-month program that will support up to eight Black, Indigenous and people of color- (BIPOC) led affordable housing organizations enhance their capabilities and strengthen their operations.
New York’s COVID-19 Emergency Rental Assistance Program of 2021
On April 16, 2021, New York Gov. Andrew Cuomo signed into law the COVID-19 Emergency Rental Assistance Program of 2021 (the “2021 Act”). The 2021 Act allocates $2.45 billion in rental relief for New York households, including $2.35 billion in federal funds and $100 million in state funds. Each state or other jurisdiction receiving federal funds is charged with administering those funds through new or existing rental assistance programs in that state or jurisdiction. This advisory provides a general background on the current need for rental assistance and New York’s previous attempt at rent relief, describes the relevant details of the 2021 Act, and highlights what is next with respect to rental assistance.