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Mayor Mamdani released his executive budget, which adds $5 billion in new affordable housing capital funds (FY2026-2031). Mayor Mamdani campaigned on the promise of $10 billion in affordable housing investment, signaling a strong commitment to addressing the housing crisis in a meaningful way. While this budget does not reach that level of investment yet, compared […] Read More
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New York Housing Conference submitted comments in strong opposition to the U.S. Department of Housing and Urban Development’s (HUD) Notice of Proposed Rulemaking, “Establishing Flexibility for Implementation of Work Requirements and Term Limits” which would allow public housing authorities (PHAs) and owners to implement work requirements and term limits on tenants living in public housing […] Read More
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Last week, the White House released the President’s FY2027 budget request. The administration is requesting $73.5 billion in funding for the Department of Housing and Urban Development – about a five percent cut from the $77.3 billion provided in the final FY26 budget. This is a far cry from last year’s proposal to block grant […] Read More