Showing Posts by Category: New York City
By Deborah VanAmerongen and Nate Cushman
For owners of properties with Moderate Rehabilitation Housing Assistance Payment (HAP) contracts, conversion through Rental Assistance Demonstration (RAD) is an underutilized opportunity. In New York City, the Mod Rehab contracts are administered by NYC Housing and Preservation Department (HPD). There are other local housing agencies throughout New York State that also administer these contracts. There have been significant changes to Mod Rehab conversions under the Department of Housing and Urban Development’s (HUD’s) RAD since the program was created, and if you have not reviewed your RAD options lately, it may be time to revisit them. There may be an opportunity to increase the property’s cash flow, revitalize its physical condition, and even take out funds to serve your organization’s mission.
This high-level view will detail the advantages of the RAD conversion process and key points to bear in mind as you consider your transaction. Of course, the details of each transaction will affect what is possible for each property.Continue Reading | What's New, New York City
On the stormy afternoon of June 20th, Institute for Community Living (ICL) celebrated the launch of construction for a new affordable and supportive housing residence at 50 Nevins Street in downtown Brooklyn.
David Woodlock, President/CEO of ICL, spoke about how ICL’s work there would extend the site’s history of providing New Yorkers with homes, “grounded in dignity and respect.”Continue Reading | What's New, New York City, Member News, Groundbreakings
The 2019 Annual New York State Supportive Housing Conference was an enormous success with over 1,800 registrants, 23 workshops in policy, finance, and social services, and an inspiring opening keynote.Continue Reading | What's New, New York State, New York City, Network Events
Ahead of the July 1st start of the City’s Fiscal Year 2020, the Mayor and City Council reached a handshake deal on a budget of $92.8 billion on June 14th.
While there were some victories for housing and human services, the budget fails to provide funding for two critical priorities championed by the Network and our partners.Continue Reading | What's New, Funding, New York City
On May 22nd, developers, architects, contractors, and other members of the affordable and supportive housing community gathered at Con Edison Headquarters to participate in a joint training with Con Edison and the Building and Land Development Services (BLDS) division of NYC Dept. of Housing Preservation and Development (HPD).Continue Reading | What's New, New York City, Network Events
On May 17th, NYS HCR announced its 2018 Unified Funding Awards. In addition to the three supportive housing projects funded in the early round announced in January, there were 15 projects awarded in the regular round, bringing the total number of supportive housing units to 484 — 22% of the total residential units funded. Network members are involved in 14 separate projects across the state.Continue Reading | What's New, Funding, New York State, New York City, Member News
For the second time this budget cycle, Network Executive Director Laura Mascuch testified to the immediate need for $20 million in funding in the FY 2020 City budget to ensure that 1,800 formerly homeless people don’t become homeless again. Testifying at the New York City Council Committee on Finance’s budget hearing, she thanked the Council for including the additional funding for DOHMH scattered site supportive housing in its initial budget and urged the Council to help ensure the ask makes it into the final budget. Besides the human cost of possibly making 1,800 households homeless again, the City would face approximately $69 million in added shelter costs if these individuals and families re-entered the shelter system.Continue Reading | What's New, New York City
On May 14th, overcast skies were brightened by purple and yellow balloons greeting guests at Network member Services for the Underserved’s (S:US) housewarming at 2264 Morris Avenue in the Bronx. Government partners, local elected officials, and private supporters celebrated the completion of the 11-story, mixed-income building, co-developed by S:US and Bronx Pro Group. The building contains 94 units, including 31 units of supportive housing: 17 for at-risk young adults and 14 for formerly homeless adults with mental illness.Continue Reading | What's New, New York City, Member News, Openings
On May 21st, Network member West Side Federation for Senior and Supportive Housing (WSFSSH) celebrated the completion of Tres Puentes. The project included a refurbishing of Borinquen Court, which continues to house 145 seniors and/or people with physical disabilities in the community, and the creation of two new buildings welcoming 175 new residents. The name “Tres Puentes” refers to the complex’s views of the Willis Avenue, Madison Avenue, and Third Avenue bridges nearby, but was heralded as the perfect name for the various relationships that made the project possible.
“The goal is not just buildings, but a place where people can truly live,” said Sheldon J. Fine, President of the WSFSSH Board of Directors, who began the speaking program in a large, lively room.Continue Reading | What's New, New York City, Member News, Openings
At New York City Health + Hospitals, which serves more than one million people a year, caring for homeless New Yorkers is a part of daily care delivery. Using data science to identify homeless patients through an accessible data dashboard helps H+H tailor their care and match patients to the right hospital and community-based supports — ultimately including housing itself. Harvard Business Review recently highlighted H+H’s work through an article co-authored by H+H’s Office of Population Health leads.Continue Reading | What's New, New York City, Press