Newsfeed Category: Funding

Assembly and Senate Release One-House Budgets


The New York State Assembly and Senate released their SFY 2024 one-house budget resolutions yesterday. Below is a summary on how both proposals compare to the Governor’s proposed budget.

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The Network’s Statement in Response to Governor Kathy Hochul’s 2023-24 Executive Budget Proposal


Governor Hochul’s budget proposal continues New York’s historic investment in expanding supportive housing statewide, recognizing that the combination of on-site services with affordable housing is a powerful and proven approach to combatting chronic homelessness.

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Governor Hochul Releases SFY 2024 Budget


The Governor released the SFY 2024 $221.6 billion Executive Budget yesterday. 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 advances funding for year two of the five-year affordable housing plan to create and preserve 100,000 affordable homes.

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The Network’s Statement in Response to Governor Kathy Hochul’s 2023 State of the State Speech


The Supportive Housing Network of NY (The Network) released the following statement today in response to Gov. Kathy Hochul’s 2023 State of the State speech:

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New York State HCR Announces Winter 2022 9% Awards


New York State Homes and Community Renewal announced the Winter 2022 9% awards on July 8th, 2022.

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FY 2023 NYC Executive Budget


On April 26, Mayor Eric Adams released his FY 2023 Executive Budget. The expense budget totals $99.7 billion, a $1.2 billion increase over February’s Preliminary Budget. The Network has done a preliminary review of the budget and will be following up if more details emerge.

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Final State Budget Released This Weekend


The Governor and Legislature came to an agreement on a final $220 million state budget late last week and passed it this weekend.  For supportive housing, the final budget is largely reflective of the Executive budget that was proposed in January. Below is the Network’s first glimpse of the budget.  We will update our members as we learn more details.

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President Biden’s FY 2023 Budget Released


President Biden released his FY 2023 budget request on Monday, March 28. The request would add $6.2 billion to last year’s HUD budget, putting the total at $71.9 billion. Additionally, the proposed budget also includes $50 billion in other federal investments in affordable housing including:

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HUD announces Continuum of Care Awards


Last month, HUD announced the Continuum of Care Awards for the FY 2021 competition, totaling $2.6 billion nationally.  In New York State, 24 CoCs received $261 million, a 6% increase over the prior year.  NYC won $145 million, a 5% increase.  Most of the funding supports existing permanent supportive housing rental assistance programs, so the funding increases largely support increased Fair Market Rents.  Congrats to all CoCs and funded programs.  Please contact with details about this funding, as we gear up for another federal budget year.

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The NYS Senate and Assembly Release One House Budget Proposals


The NYS Senate and Assembly released their one house budget proposals over the weekend. Below is an updated summary on how both proposals compare to the Governor’s proposed budget. 

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