Housing groups criticize Cuomo’s delay of $2B funding deal

Governor said funds won’t be divvied up this year

New York /
Aug.August 12, 2016 05:34 PM

Gov. Andrew Cuomo effectively delayed an agreement Thursday on a $2 billion state plan to build affordable housing until 2017, a move that drew the ire of housing advocacy groups.

“Everybody is sitting on their hands,” Shelly Nortz, of advocacy group Coalition for the Homeless, told Crain’s.

In April, Cuomo signed a state budget that included $2 billion to support the construction of affordable housing. But Cuomo and both legislatures still have to agree on how and where to spend the money. By the end of the most recent legislative session they only did so for $150 million of the funds. On Thursday Cuomo said he doesn’t expect the rest of the money to be divvied up before next year.

“From my point of view, the funding for this year is in place,” Cuomo said. “The funding for next year we wouldn’t spend until next year anyway. You do it in January, you get to the same point anyway.”

In a statement, the umbrella group Campaign 4 NY/NY Housing criticized Cuomo for failing to sign a memorandum of understanding on how to spend the funds.

“We are disappointed to hear that Governor Cuomo is not committed to signing the MOU eight months after he promised to create 20,000 units of supportive housing for homeless New Yorkers,” the statement read, according to Crain’s. [NYDN] and [Crains]Konrad Putzier


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
The parcel of land in Causeway Bay (Google Maps)
Hong Kong sells Causeway Bay site for $2.5B
Hong Kong sells Causeway Bay site for $2.5B
(Beverly Hills Estates)
Another massive property outside LA lists for $75M
Another massive property outside LA lists for $75M
Lachlan Murdoch and the home on Sydney Harbor (Getty, Private Property Global)
Lachlan Murdoch pays $30M for half-acre Sydney Harbor boat house
Lachlan Murdoch pays $30M for half-acre Sydney Harbor boat house
Major real estate stocks ended in negative territory this week. (Getty)
Real estate stocks, markets jittery over inflation
Real estate stocks, markets jittery over inflation
Closing time: HFZ vacates the XI sales gallery in Chelsea
Closing time: HFZ vacates the XI sales gallery in Chelsea
Closing time: HFZ vacates the XI sales gallery in Chelsea
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...