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Housing in New York State

Housing in New York State. Affordable housing: needs, gaps, emerging issues and recommendations March 2009. This report made possible through a grant from the New York Foundation. Empire State Housing Alliance . Formed in 2005, following a series of meetings around the state.

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Housing in New York State

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  1. Housing in New York State Affordable housing: needs, gaps, emerging issues and recommendations March 2009 This report made possible through a grant from the New York Foundation.

  2. Empire State Housing Alliance • Formed in 2005, following a series of meetings around the state. • Platform developed includes four key points: • Develop a housing plan and appoint key personnel to coordinate activities of all agencies involved in housing in NYS. • Increase the financial investment – capital AND operating for existing programs, reduce barriers for accessing funds and support capacity building for nonprofit organizations • Dedicate a source of revenue to support additional investment in affordable and accessible housing development. • Promote regional planning initiatives to support sustainable, affordable neighborhoods.

  3. Challenge: • Is there a true gap in funding for capital programs, and • Are there program challenges that prevent organizations, especially not-for-profit organizations, from submitting applications for affordable housing projects?

  4. White Paper: what we found • Methodology – • Who we talked to, • Where we found data, • Survey findings • Emerging issues • Recommendations

  5. Findings: • Affordability: • Rent burden • Doubling up of tenant families and overcrowding • Loss of affordable units • Transition of Mitchell-Lama units to market rate • Foreclosure of rental properties and displacement of tenants • Concerns about affordability echoed in DHCR’s regional reports. • Affordability affects middle- income renters, and homeowners as well.

  6. Applications for funding: existing state programs DHCR: 2009 Formal Budget Presentation

  7. Current State Programs Results & activities Challenges include: • NYS provided funding for 7,721 Multi-family units in 2006 & 9,436 in 2007 • Homeownership production, improvement & homebuyer assistance: 21,854 (2006) and 17,722 (2007) units were assisted. • Increased funding for capital programs in 2008-2009. • Increased support for Neighborhood & Rural Preservation Programs. • Housing Trust Fund changes. • Neighborhood Stabilization Program resources • Loss of affordable rental units • Requests for funding have greatly exceeded capital funds • NSP provides limited resources for rural areas. • Increased foreclosures • Vacant and abandoned properties increasing, especially in upstate cities.

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