Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Funding topic
No spam. Unsubscribe anytime.
Assembly seeks major housing investments; lawmakers stress vouchers and preservation
Summary
Assembly members proposed substantial increases for the Housing Access Voucher Program, Mitchell‑Lama preservation and homeowner protection while the Senate outlined large capital figures for NYCHA and other affordable housing programs as budget talks opened.
Get email alerts on the Housing Funding topic
No spam. Unsubscribe anytime.
Albany — Housing took center stage as Assembly and Senate members previewed one-house budgets that include large allocations for vouchers, preservation and homeowner protections.
Assemblymember Linda Rosenthal (S6) said the Assembly proposes an additional $200,000,000 for the Housing Access Voucher Program (HAVP) and described a broader need for $250,000,000 for the program. She also listed $100,000,000 proposed for Mitchell‑Lama preservation and $50,000,000 for down-payment assistance targeted to households earning between 50 and 120 percent of area median income. Rosenthal said the Assembly would codify the Homeowner Protection (HOP) program and restore funding for land banks, and she referenced $2,000,000 for fair housing testing reported in the transcript as part of a $4,000,000 total.
A Senate summary (S1) cited large capital figures for public housing: the transcript lists $500,000,000 for the New York City Housing Authority, $75,000,000 for public housing authorities outside New York City, and targeted Mitchell‑Lama preservation dollars split in the transcript as $60,000,000 inside the city and $40,000,000 outside the city. The transcript contained an unclear aggregate number presented as "for a total of $2.50," which is not specified in the record.
Lawmakers said no formal votes were taken at the opening meeting; the housing figures will be reconciled in follow-up conference committee negotiations.

