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Mayor Adams Releases FY 25 Executive Budget
Apr.30.2024
On Wednesday, April 24th, Mayor Adams released the FY 25 Executive Budget, totaling $111.6 billion, which is a $2 billion increase over the FY 25 Preliminary Budget. This accounts for a projected revenue increase of $2.3 billion.
FY 2025 New York State Budget Passes
Apr.22.2024
The New York State FY 2025 budget was signed by the Governor on April 20th 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 continues funding for year three of the five-year affordable housing plan to create and preserve 100,000 affordable homes – including funds to preserve supportive housing.
City Council Response to the Mayor’s FY25 Preliminary Budget
Apr.02.2024
On April 1st, 2024 the City Council released its response to the Mayor’s Preliminary Budget and Preliminary Mayor’s Management Plan (the Response). Overall, the Response built upon the Council's contention that the Administration has overestimated costs and underestimated revenues. The Council asserts that there is an additional $6.15 billion available for Fiscal 2025 in a combination of additional revenue and potential underspending. The Response puts forth a series of proposals for this previously unidentified funding.
February/March Community Corner
Mar.29.2024
The Network Celebrated Black History Month in February Social Work Month and Women’s History Month in March with member spotlights on social media.
HCR 9% Multifamily Awards Announced
Mar.27.2024
New York State Homes and Community Renewal recently announced the fall 2023 9% Multifamily Awards. Supportive Housing projects featured prominently this year, 17 out of the 29 (59%) projects have ESSHI supportive housing units. Supportive housing units accounted for over 25% of the total funded units (468/1852).