Fiscal 2019 Adopted Expense Budget Adjustment Summary

Housing
Housing agencies and related programmatic activities rely heavily on federal subsidies. However,
federal resources for housing agencies remain under severe pressure and there is tremendous
uncertainty as to future federal funding. This requires housing agencies to coordinate with
elected officials on programmatic activities to ensure that community needs are met at the City
level. In addition, the implementation of Housing New York 2.0, Mayor de Blasio’s plan to create
and preserve 300,000 units of affordable housing by 2026, will bring substantial new
construction, significant population growth, and increased pressure on existing infrastructure
and affordability levels in the City’s housing market. To this end, the City Council has called for
the construction and preservation of additional units of affordable housing for seniors and other
vulnerable populations. In the Fiscal 2019 Adopted Budget, the City will add $100 million in
Capital funds to the Department of Housing Preservation and Development’s (HPD) Capital
Budget to support an increase in the number of supportive housing, congregate units produced
annually from 500 to 700 per year through Fiscal 2030. An additional $500 million will also be
added to support the new construction of 1,000 affordable senior housing units at six city-owned
sites.
At the local level, City Council funding provides critical resources to ensure that communities
access the tools, resources, and programming necessary to address local housing needs. In Fiscal
2019, the City Council has allocated approximately $10.8 million to HPD’s annual operating
budget to support various housing initiatives, including tenant advocacy and education, code
enforcement advocacy, housing court assistance, and other housing-related public education and
$255,000 to the Department of Consumer Affairs’ (DCA) operating budget for financial
empowerment and housing application support for tenants. In addition, with the Council’s
support and collaboration, the Administration added an additional $750,000 in the Adopted
Budget for HPD Alternative Enforcement Program and $1.5 million to enhance the Office of
Special Enforcement. Most of the Council funding, approximately $10.6 million, is allocated to
local community-based organizations which are tasked with carrying out the goals of Council
housing initiatives.
Fiscal 2019 Council Housing Initiatives
1
2
3
4
5
6
7
8

Agency
HPD
HPD, DCA
HPD
HPD
HPD
HPD
HPD
HPD

Initiative
Community Housing Preservation Strategies
Financial Empowerment for NYC Renters
Foreclosure Buyback Initiative
Home Loan Program
Housing Court Answers
Housing Information Project
Mortgage Foreclosure Prevention Program
Stabilizing NYC
TOTAL

47

Amount
$3,651,000
$450,000
$1,250,000
$1,000,000
$650,000
$300,000
$1,000,000
$2,500,000
$10,801,000