Source: «Passage of FY 2018 Spending Bill Critical Step
for Affordable Housing Funding and Flood Reauthorization,» National Association of REALTORS ® (March 22, 2018)
Assembly Speaker Carl Heastie today echoed Gov. Andrew Cuomo's call for the city to put up more money toward the City University of New York system — but backed Mayor Bill de Blasio's criticism of the governor's plans to add new layers of state oversight
on affordable housing funds and to cut the state's contribution toward Medicaid.
As Gov. Andrew Cuomo acknowledged last week, lawmakers refused to sign an agreement that would release $ 2 billion in
affordable housing funds until 421a was in place.
In a statement blasted to reporters at 7:43 this evening, a Cuomo spokesman insisted the governor was in negotiations with the State Legislature to address a number of concerns, such as
disbursing affordable housing funds, financing a state police hate crimes unit and voting to put his proposed constitutional amendments before a public plebiscite.
Jolie Milstein, CEO of the New York State Association for Affordable Housing, a trade group that represents affordable housing developers, said the agreement paves the way for state officials to release $ 2 billion in
statewide affordable housing funds.
In addition to the LIHTC funding, the eight multi-family developments may be eligible for other NHHFA funding allocations from the NHHFA - administered federal HOME subsidy, the
state Affordable Housing Fund, and / or the federal Housing Trust Fund.
«New Yorkers are counting on Speaker Heastie and Majority Leader Flanagan to join the governor by signing the MOU to release $ 2 billion
in affordable housing funds.
In West 57th Street's case, a compromise was made in February 2013 when 173 affordable housing units were included in the design, and the project's developer donated $ 1 million to
an affordable housing fund.
Westchester County provided $ 1.2 million in Housing Infrastructure funds and $ 1 million in Fair and
Affordable Housing funds.
The Cuomo administration announced $ 1.2 million in
affordable housing funds are available, a veritable drop in the bucket for a $ 10 billion program aimed at expanding affordable housing units by 2020.
Since the community benefits agreement between Columbia and West Harlem was signed in May 2009, Columbia University has transferred $ 3.55 million to the group so far and delivered another $ 10 million to the city's
affordable housing fund.
The agency is responsible for giving away $ 76 million in cash and making sure Columbia delivers $ 30 million for construction of a new K - 8 school in conjunction with Teachers College, $ 20 million for
an affordable housing fund and $ 20 million in in - kind benefits.
The WHLDC is responsible for disbursing $ 76 million in cash and making sure Columbia delivers $ 30 million for construction of a new K - 8 school in conjunction with Teachers College, $ 20 million for
an affordable housing fund and $ 20 million in in - kind benefits.
The WHLDC is responsible for giving away $ 76 million in cash and making sure Columbia delivers $ 30 million for construction of a new K - 8 school in conjunction with Teachers College, $ 20 million for
an affordable housing fund and $ 20 million in in - kind benefits.
These include the fate of more than $ 100 millions in state - to - city funding cuts proposed by Governor Andrew Cuomo; whether more than $ 1 billion in
affordable housing funding will be released; final budgetary allocations toward
Apple gave $ 6 million to
an affordable housing fund and pays certain fees to the city, but the gleaming new campus is resolutely closed to the public.
The Affordable Housing Fund (AHF) program provides low - interest loans and grants for the construction, rehabilitation, and / or acquisition of housing affordable to families and individuals with low to moderate incomes.