New York

Of 2,663 HUD and Mitchell-Lama (a New York state program) subsidized properties in 2017, 11% are eligible to expire out of affordability by 2023. That number jumps to nearly 48% over the next 15 years.

Advocates now turn to the State Senate, whose budget proposal is forthcoming.

The New York Housing Conference has provided the below state impact analysis regarding President Trump’s Budget Request: President Trump’s FY 2019 Budget cuts HUD funding by $8.8 billion or 18.3% compared to enacted FY 2017 funding. This proposal represents a major shift in the federal government’s role in subsidized housing. Public Housing Capital, CDBG and […]

Under RetrofitNY, a $30 million program funded over 10 years and made available through the State’s Clean Energy Fund, the state is working aggressively to bring a substantial portion of New York’s affordable housing units to or near net-zero energy over the next decade. Net-zero energy buildings consume no more energy, on an annual basis, […]

Under RetrofitNY, a $30 million program funded over 10 years and made available through the State’s Clean Energy Fund, the state is working aggressively to bring a substantial portion of New York’s affordable housing units to or near net-zero energy over the next decade. Net-zero energy buildings consume no more energy, on an annual basis, […]

New York City Mayor Bill de Blasio has announced a major expansion to the City’s affordable housing plan.   The administration is on track to build and protect 200,000 affordable homes by 2022, two years ahead of schedule. With the addition of new tools, programs and funding, the City will ramp up to securing 25,000 affordable […]

New York State Energy Research and Development Authority’s RetrofitNY team is working to revolutionize the way New York renovates multifamily buildings to approach or achieve net-zero energy performance. Prior to releasing a request for proposal to develop high-performance retrofit solutions for existing, affordable multifamily buildings, the team is interested in feedback from experts and thought leaders in the housing and design-build industry.

The lender announced the closing of three deals totaling more than $62 million for properties in New York, Texas, and Ohio.

Governor Cuomo recently announced that his state completed more historic property revitalization projects than any other in 2016, thanks to both the federal and state historic tax credit programs. The announcement was hosted at Sibley Square, a $200 million project by NH&RA member WinnDevelopment. The New York State Historic Rehabilitation Tax Credit Program has a […]

New York State Homes and Community Renewal’s Housing Finance Agency will issue the bonds under its new Green Bond program, funding four developments that will inject nearly $200 million in economic activity into local economies and create more than 640 green, affordable and supportive apartments.

It is with great sadness that we report that our friend and colleague Preston C. Moore passed away at his home on Tuesday July 5 at the age of 84.  Preston was the President of Urban Home Ownership Corporation in New York City and one of the founding members and a longtime Director of National […]

On Thursday, Governor Cuomo signed into law the Private Activity Bond Allocation Act of 2016 (A.10255/S.7637) which continues the same distribution formula for volume cap used in previous years and includes important reforms.