$150 million in new capital resources available for 1,200 units of supportive housing in this fiscal year.
The Governor and NYS Legislative leaders closed out the 2016 session on June 18th with an agreement to make $150 million in new capital resources available for 1,200 units of supportive housing in this fiscal year. This capital funding is intended to complement the recently released request for proposals for services and operating to ensure timely completion of the first 1,200 units of the state’s plan to create 6,000 units of supportive housing over the next five years.
According to a press release issued by the Governor’s Office, “Today’s agreement includes the execution of a memorandum of understanding to make more than $570 million in state resources available to advance capital construction and operating on the first 1,200 units of supportive housing under the Governor’s sweeping $20 billion Housing and Homelessness plan.” However, only $150 million is new resources, the remaining $420 million includes the existing service and operating funding, bonds and tax credits.
In April, the state budget included $1.97 billion in funding for 6,000 supportive housing units and 50,000 new affordable housing units, but added a requirement that the Governor and Legislative leaders sign an MOU on how it would be spent. Other than this $150 million commitment for 1,200 supportive housing units, the additional $1.82 billion is subject to the still-to-be-negotiated MOU, with no timeline for getting it signed.
The Network will continue to push for a long term agreement to fund 6,000 units in the first year of his 15 year 20,000 unit supportive housing commitment as promised in the Governor’s January’s State of the State address.
Here are links to media coverage:
S.I. Live: "Some progress in Albany, but not much"
Real Estate Weekly: State releases small portion of $2B promised for housing
Daily News: Not worth the wait: A pathetic end to Albany’s legislative session
Gotham Gazette: Advocates, Providers Keep Pressure on Cuomo Over Housing Funds
The New York Times: The Old Albany Hustle
Time Warner Cable News: Not Supportive of the Final Housing Plan
North Country Public Radio: NY legislative session draws to a close
The New York Times: Legislature Reaches Deal to Extend Mayoral Control of New York’s School for a Year
Morning Memo: Supportive Housing Advocates Not Pleased With Deal
New York Slant: Cuomo puts Affordable Housing Development in Jeopardy
WXXI News: Legislative Session Draws to A Close
The New York Times: Hints of Deal Emerge as Lawmakers Make Late Push in Albany
Gotham Gazette: Much Undecided, Last-Minute Frenzy Starts in Albany
Binghamton Homepage: Homeless funding hold-up in Albany
State of Politics: Faith Leaders Push State Leaders On Housing MOU
Democrat and Chronicle: State leaders should keep promise to homeless
State of Politics blog: Supportive Housing Push Launched For MOU
Gotham Gazette: End of Session Menu Previews Next ‘Big Ugly’ in Albany
The Wall Street Journal: New York State Offers More Help for Homeless in NYC
Politico New York: State outlines plans for homeless spending
State of Politics: WNY Lawmakers Push Cuomo On Supportive Housing MOU
From 219West: Laura Mascuch on 219West