New York

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

New York

New York Enacts New Prevailing Wage Requirements with Carve-Outs for Affordable Housing

The New York State Legislature has expanded prevailing wage requirements for “covered projects.” However, there are notable exceptions for affordable and supportive housing.

New York

RED Mortgage Capital Provides Financing for Affordable Apartments in Upstate New York

RED Mortgage Capital (RED) announced that they have provided a $950,000 U.S. Department of Agriculture (USDA)-backed loan for the recently completed New York State Homes and Community Renewal’s (HCR) Walnut Hills Apartments project in Penn Yan, NY.

New York

New York State Court Rules That Exercising an Option to Redeem A Limited Partners’ Interests in a LIHTC Partnership Does Not Trigger a Liquidation Under the Partnership Agreement

On January 7, 2020, Judge Deborah A. Chimes of the New York Supreme Court—Erie County ruled from the bench that a general partner’s election to redeem the limited partners’ interests in a LIHTC partnership did not trigger liquidation provisions under the partnership agreement because the partnership still owned all, or substantially all, of the assets of the partnership.

New York

New Legislation Would Authorize Additional $70 Billion for Public Housing Capital Fund

Representative Nydia Velázquez (D-NY) introduced the Public Housing Emergency Response Act (H.R. 4546), which would authorize an additional $70 billion to HUD’s Public Housing Capital Fund. The bill claims the national public housing capital needs backlog was over $70 billion in April of 2019, including $32 billion for the New York City Housing Authority.

New York

Furman Center Report Concludes NYCHA’s Woes Cannot Be Solved Solely Through Better Management

A new brief from the Furman Center, NYCHA’s Road Ahead: Capital and Operating Budget Needs, Shortfalls, and Plans, reviews how the New York City Housing Authority (NYCHA) plans to address its massive public housing repair needs in the coming years and identified a number of serious potential challenges. “In a 2017 Physical Needs Assessment (PNA), […]

New York

RetrofitNY Publishes Report on Deep Energy Retrofits

The RetrofitNY team is proud to share a study conducted by Ian Shapiro of Taitem Engineering assessing the transferability of the Energiesprong concept to New York State – Energiesprong: A Dutch Approach to Deep Energy Retrofits and Its Applicability to the New York Market. Based on numerous site visits and interviews in the Netherland, Ian’s […]

New York

NYC: Zoning for Coastal Flood Resiliency

New York City’s Department of City Planning recently released Zoning for Coastal Flood Resiliency, a set of recommendations that would improve upon and make permanent existing temporary zoning rules that were adopted on an emergency basis after Hurricane Sandy.

New York

SUNY Residence Hall Energy Retrofit

The Dormitory Authority of the State of New York is seeking a Statement of Qualifications from qualified Design-Build teams capable of providing all services necessary to design and construct the renovation of an existing residence hall, including additional 6,000 sf for added programming need, an increase to 300 beds, and retrofitting of the building envelope plus systems to fully electrify and reduce energy use to a maximum EUI of 32kbtu/sf/year.

New York

Red Mortgage Capital Adds New York Lending Office

RED Mortgage Capital, a division of ORIX Real Estate Capital, LLC, has hired Sean Cullen and Ronnie Gyani to lead its multifamily affordable lending activities in the greater New York City area. Cullen and Gyani have worked together since 2010 and both bring a strong level of affordable housing finance experience to RED’s New York and East Coast operations.

New York

HUD, City of New York Announce NYCHA Oversight Agreement

The Department of Housing and Urban Development (HUD), the City of New York (City) and the New York City Housing Authority (NYCHA) announced an agreement that will address the longstanding issues at the housing authority’s properties.

New York

Governor Cuomo Releases FY 2020 Executive Budget

Governor Andrew Cuomo (D-NY) recently gave his State of the State address and released his FY2020 Executive Budget, outlining his priorities for the current legislative session.

QAP New York

NYC Housing Publishes Resilient Homes Request For Proposals

  The New York City Department of Housing Preservation and Development (HPD) invites developers to submit proposals to develop up to four clusters of resilient and affordable new construction homeownership projects in Staten Island, Queens, and Brooklyn. Applicants may submit proposals to for up to four clusters included in the RFP: Cluster A. Eleven Sites […]

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