New York’s homeless population is near an all time high, with more than 40,000 New Yorkers living in shelters — including 16,500 children and their parents. Amid the continuing fiscal crunch, New York City and State recently ended a unique rent subsidy program that helped thousands move out of shelters and into apartments, and new federal rent subsidies are nowhere to be found.
Read MoreNew York has long depended on subsidy programs to facilitate affordable housing development. But because most such incentives sunset over time, tens of thousands of units have reverted to market rate over the last decade, and 15,000 more may do so in the near future. What strategies and regulatory structures can be put in place to assure affordability not just for the present, but the future as well?
Read MoreThe New York City Housing Authority is in dire financial straits. Although the state recently increased its rent subsidy, it will barely make a dent in the $225 million annual shortfall and renewed federal investment is nowhere on the horizon. A roundtable discussion with key stakeholders to determine what can be done to rescue public housing—the city’s primary source of affordable housing, and home to more than 400,000 New Yorkers.
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