New York
State News Week of September 2: New Executive Director of Maryland DHCD
Governor Martin O’Malley announced that Raymond A. Skinner, who has served as Secretary of DHCD since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs, the current Deputy Secretary of DHCD, as acting secretary effective September 1, 2014
New York State HCR and the NYS Housing Trust Fund Corporation Have Announced the Latest Round of Funding
New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The application deadline for early round projects is Tuesday, October 7, 2014, by 5:00 PM. The application deadline for […]
New York State Homes and Community Renewal (HCR) and the NYS Housing Trust Fund Corporation Have Announced the Latest Round of Funding
New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The application deadline for early round projects is Tuesday, October 7, 2014, by 5:00 PM. The application deadline for […]
New York State Homes and HCR and the NYS Housing Trust Fund Corp Have Announced the Latest Round of Funding
New York State Homes and Community Renewal (HCR), the Division of Housing and Community Renewal and the NYS Housing Trust Fund Corporation have announced the latest round of funding available through their Unified Funding application process. The RFP is expected to be available on August 15. The application deadline for early round projects is Tuesday, […]
State News for the Week of May 27, 2014
QAP Deadlines
New York City’s $41 Billion, Decade Long Affordable Housing Plan
Early this week New York City Mayor Bill de Blasio announced his highly anticipated affordable housing plan entitled, “Housing New York: A Five-Borough, Ten-Year Plan”.
Mayor de Blasio Appoints Leadership at Major Housing Agencies
Mayor Bill de Blasio announced four key appointments to his administration, pledging to expand access to affordable housing and upgrade the city’s aging public housing stock. The mayor named Shola Olatoye as chair of the New York City Housing Authority, Cecil House as the authority’s general manager, Vicki Been as the commissioner of the Department […]
Change in New York State’s Implementation of its 80/20 Program
A change in New York State’s implementation of its 80/20 program aims to give affordable housing developments a boost, and balance demand for tax-exempt bonds issued by the state division of Homes and Community Renewal.
New York City Mayor Bill de Blasio Promises to Build or Preserve 200,000 Affordable Units
New York City Mayor Bill de Blasio promises to build or preserve 200,000 affordable units over 10 years after making low-income housing a top priority in his 2013 campaign.
New York Increases LIHTC Funding
“On Tuesday, January 21, Governor Cuomo presented his proposed FY 2014-15 State Budget calling for 1.7% growth in total spending. The plan which includes a $489 million tax cut package provides significant new investments in existing affordable housing programs over the prior year. Most noteworthy is a proposed increase of $33 million for the Homeless […]
IRS Sets State Credit Ceilings for 2014
The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.
HUD Announces $5 Billion in Addition Funding for Communities Impacted by Hurricane Sandy
HUD recently announced that the agency will provide a second round of recovery funds to five states and New York City affected by last year’s Hurricane Sandy through the Community Development Block Grant (CDBG) program. These recovery funds are to be used to assist impacted communities to meet remaining housing, economic development and infrastructure needs.