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HPD is currently in the midst of New York City Mayor Bill de Blasio's Housing New York initiative to create and preserve 300,000 units of affordable housing by 2026. By the end of 2021, the City of New York financed more than 200,000 affordable homes since 2014, breaking the all-time record previously set by former Mayor Ed Koch . [ 3 ]
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
NYCHA is a public-benefit corporation, controlled by the Mayor of New York City, and organized under the State's Public Housing Law. [6] [11] The NYCHA ("NYCHA Board") consists of seven members, of which the chairman is appointed by and serves at the pleasure of the Mayor of New York City, while the others are appointed for three-year terms by the mayor. [12]
The number of new landlords opting into the U.S. Dept. of Housing and Urban Development Voucher Participation Program -- which offers housing assistance to very low-income people -- shot up 18% so ...
The newly confirmed HUD chief also said that officials were “working on a DOGE task force” to “maximize” the department’s efficiency.
[Section 1.42-5(b)(vii)(2)][2] Owners must report on the compliance status of the LIHTC property at least annually to the State Allocation Agency from which it received its credit allocation. [Section 1.42-5(c)][3] At least annually, State Allocation Agencies are required to monitor and inspect the LIHTC properties in which it has allocated ...
[8] Attempts to permit tenants to be administrators were described as "a good idea in theory, but practically there are problems." [2] By 1989, HPD was more actively involved, including "training and assisting 7A administrators and playing a role in helping judges to appoint them." Also, a "three-month, two-day-a-week training program" was ...
UHAB had originally proposed the TIL program, which the HPD adopted in 1978. [8] An analysis in 2015 showed approximately 1,300 existing Housing Development Fund Corporations (HDFC) (a form of limited equity cooperative in NYC), the majority of which had been created in the 1970's and 80's and clustered in low-income areas. They had primarily ...