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NYS Budget Provides Funding for Five Years of Supportive & Affordable Housing

Categories: Funding, New York State

04.07.2017

This is a great day for New York.


Speaker Heastie, Governor Cuomo, and Majority Leader Flanagan

The Network would like to thank Governor Cuomo, Speaker Heastie, and Majority Leader Flanagan for funding five years of supportive and affordable housing to address New York’s homeless and affordable housing crisis.  On behalf of our community, our more than 200 supportive housing providers and the thousands more vulnerable homeless people they will now be able to serve, thank you.  This is a great day for New York.

The final FY2017-2018 budget details:

5 YEAR HOUSING & HOMELESSNESS PLAN

A total of $2.5 billion, including a re-appropriation of last year’s $1.97 billion, is contained in a 5 year housing and homelessness plan that includes funding for 6,000 units of supportive housing and 100,000 units of affordable housing. This final budget ends the requirement included in last year’s budget that the Executive and Legislative leaders negotiate a Memorandum of Understanding (MOU) in order to spend the money.    The programs listed in the budget as part of this $2.5 billion appropriation include:

In addition to the capital funding, $124.5 million for service and operating expenses for the first 6,000 units over the next 5 years was also re-appropriated from last year’s budget. This includes $74.5 million from JPMorgan settlement funds and an additional $50 million from last year’s budget.  There is no new funding committed for services and operating in this year’s budget.

Office of Temporary & Disability Assistance

HOMES & COMMUNITY RENEWAL

OFFICE OF MENTAL HEALTH

OMH/OASAS/OPWDD WORKFORCE

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