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It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred A. Lama and signed into law in 1955. [2] [3] The program's publicly stated purpose was the development and building of affordable housing, both rental and co-operatively owned, for middle-income residents. [4]
Its mission is to expand affordable housing opportunities for low- and moderate-income New Yorkers. HCR consists of several state agencies and corporations: the New York State Division of Housing and Community Renewal (DHCR), the New York State Housing Finance Agency (HFA), the State of New York Mortgage Agency (SONYMA).
The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
The New York State Homeowner Assistance Fund program is being administered by the NY State affordable housing agency, NYS Homes & Community Renewal (HCR), in partnership with Sustainable ...
Last month's state budget aimed to curb New York's housing shortage with tax incentives for affordable apartments and other steps short of mandates.
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