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
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Compass' Robert Reffkin (Illustration by Kevin Cifuentes for The Real Deal with Getty Images)
More Compass layoffs to come by October
More Compass layoffs to come by October
Illustration of Loews Corporation's Jonathan Tisch and Taubman Centers’ Robert Taubman (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
Tisch, other Hamptons billionaires shamed by water authority
Tisch, other Hamptons billionaires shamed by water authority
Corcoran's Tim Davis with 1116 Meadow Lane (Tim Davis Hamptons)
Estate trades for $48M on Meadow Lane — $9M above ask
Estate trades for $48M on Meadow Lane — $9M above ask
Housing, Collapse
Housing starts collapse under inflation, high rates
Housing starts collapse under inflation, high rates
Blend Labs ceo Nima Ghamsari (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Blend)
Digital mortgage firm Blend loses $478M, sheds more of workforce
Digital mortgage firm Blend loses $478M, sheds more of workforce
arrow_forward_ios

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

Loading...