Below are the nine key achievement that made this agreement an innovation on its own.
In November 2005, Mayor Michael Bloomberg and Governor George Pataki signed NY/NY III, committing to create 9,000 units of supportive housing for a variety of disabled homeless people in New York City over ten years. The Agreement marked the largest commitment to creating housing for homeless people in the nation's history.
1) The size, scope and scale of the agreement was unprecedented
The NY/NY III Supportive Housing Agreement was larger and more comprehensive than its predecessors, with a ten-year goal of creating 9,000 units of supportive housing : 6,250 units of new supportive housing and subsidize 2,750 scattered-site supported housing units in existing buildings.
2) Facilitated unprecedented City/State interagency coordination
With ten City and State government agencies signing NY/NY III and an additional three unofficial but critical agencies participating, the Agreement brought about unparalleled interagency collaboration all focused on the goal of reducing chronic homelessness.
3) First long-term agreement to provide service and operating funding for at-risk young adults, families and those struggling with chronic substance abuse.
The first two NY/NY agreements provided housing and services solely for individuals with mental illness. This third agreement expanded the housing and services to tenant populations with a variety of special needs. New target populations include families with serious and persistent mental illness (SPMI) and medical disabilities, youth aging out of foster care or leaving psychiatric facilities, and individuals with substance abuse, both active and in recovery.
4) Detailed plan set clear annual unit goals and funding requirements
NY/NY III’s prescriptive nature – laying out how many and what type of units (scattered site or congregate) were to be created for each population – helped ensure that the participating agencies would meet the Agreement’s timeline and funding needs.
5) Created “name recognition” boosting investor confidence
The linking of dependable rental subsidies and service funding to support the capital investment created a name recognition with NY/NY III that allayed investors’ concerns about housing extremely low-income, disabled tenants.
6) Expanded the nonprofit developer pool by 60%
NY/NY III commitment jumpstarted and increased the volume of supportive housing development. In turn, the agreement’s scope increased the supportive housing community’s development capacity: thirty new nonprofits began to build supportive housing in the city – a 60% increase in the number that had been developing before.
7) Increased use of Joint Ventures
Prior to NY/NY III, only one for-profit affordable housing developer collaborated with nonprofits to develop supportive housing. The size and scope of NY/NY III however helped spawn eighteen joint ventures.
8) Sharp decrease among street homeless
Focus on chronic homelessness led to an early decrease among street homeless of 49%
9) Embedded evaluation component
NY/NY III called for and funded an ongoing multi-tiered evaluation of the commitment. The first interim report published by the Department of Health and Mental Hygiene found that the early years of implementation led to a cost savings across systems of $10,100 per person.
Read the Network's Taking Stock of NY/NY III for more information.