Stay Informed
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Mayor Mamdani recently released his preliminary FY 2027 budget – a $127 billion plan that both increased the budget to account for known spending that was underbudgeted in the past, and attempted to decrease significant outyear deficits. There is little change to the housing budget in this plan. We have been told that there will […] Read More
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The New York Housing Conference released a new report examining eviction trends in subsidized affordable housing and outlining a coordinated policy response to stabilize tenants, strengthen building finances and reduce long-term public costs. Subsidized affordable housing accounts for a substantial share of eviction filings. Cases are lengthy, arrears increase over time and public expenditures rise […] Read More
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NYHC is calling for two state policies that would help address distressed affordable housing. First, NYHC is proposing the Affordable Housing Stability Court Initiative, which would establish a special court part to serve tenants of affordable housing with city or state regulatory agreements or building units owned by small landlords, preventing eviction and stabilizing tenants […] Read More