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Mayor Adams Releases FY 25 Executive Budget
Apr.30.2024
On Wednesday, April 24th, Mayor Adams released the FY 25 Executive Budget, totaling $111.6 billion, which is a $2 billion increase over the FY 25 Preliminary Budget. This accounts for a projected revenue increase of $2.3 billion.
FY 2025 New York State Budget Passes
Apr.22.2024
The New York State FY 2025 budget was signed by the Governor on April 20th It continues the state's full commitment to the Empire State Supportive Housing Initiative, a 15-year plan to develop 20,000 units of supportive housing. The budget also continues funding for year three of the five-year affordable housing plan to create and preserve 100,000 affordable homes – including funds to preserve supportive housing.
RUPCO Breaks Ground on Silver Gardens
Apr.19.2024
On April 18th, RUPCO joined project partners and elected officials to break ground on their new project, Silver Gardens. Once complete this new affordable/supportive building will bring 57 new affordable apartments, including 29 supportive for seniors experiencing or at risk of homelessness, in the Town of Lloyd in Ulster County. On-site services are provided by RUPCO and funded through the Empire State Supportive Housing Initiative (ESSHI) administered by the New York State Department of Health.
Community Housing Innovations Breaks Ground on Mt. Hope Plaza
Apr.15.2024
On April 12th, Community Housing Innovations and the Mt. Hope Community Development Corporation joined project partners and elected officials to break ground on a new affordable/supportive housing residence, Mt. Hope Plaza in White Plains. When complete, Mt. Hope Plaza will create 56 affordable apartments, including 20 supportive for seniors experiencing homelessness. On-site services are provided by Community Housing Innovations, Inc. and are funded by the New York State Office of Mental Health (NYS OMH) administered by the New York State Office of Mental Health (OMH) for persons who are over the age of 62 with a serious mental illness and homeless or have an unmet housing need. The development is the result of a partnership with the Mt. Hope A.M.E Zion Church to construct affordable housing on an underutilized parcel owned by the church.
City Council Response to the Mayor’s FY25 Preliminary Budget
Apr.02.2024
On April 1st, 2024 the City Council released its response to the Mayor’s Preliminary Budget and Preliminary Mayor’s Management Plan (the Response). Overall, the Response built upon the Council's contention that the Administration has overestimated costs and underestimated revenues. The Council asserts that there is an additional $6.15 billion available for Fiscal 2025 in a combination of additional revenue and potential underspending. The Response puts forth a series of proposals for this previously unidentified funding.