LiveOn NY Joins Call for State 5-Year Capital Investment in Affordable Housing

Led by the New York Housing Conference, LiveOn NY joined a coalition of 16 organizations to craft our newly released report calling on New York State to make a new, expanded 5-year capital plan and investment.

Recommendations in the report are centered around a call for a new, five-year $6 Billion Affordable Housing Plan and continued reoccurring program spending, totaling $1 billion over the next five years.

Within the report are numerous recommendations specific to serving an aging population:

  • Establish the Affordable Independent Senior Housing Assistance Program: The 5-year plan should include:

    • 200 million in capital funding for affordable senior housing development

    • $5 million dollars annually ($25 million over 5 years) to allow for resident assistants in new and existing affordable senior housing developments. (Learn more below)

  • SCRIE Reform: In order to address the many older adults who are and may soon be overburdened with rising housing costs, the State should enact three pieces of legislation to keeping older people affordably housed; increase renter education and program salience.

    • S2897, (Sen Kavanagh): Provides for annual adjustment of the maximum income threshold by CPI Increase;

    • S512/A719, (Sen Krueger and AM Rosenthal): SCRIE lease noticerider; and

    • S3920/A2474 (Sen Sander and AM Reyes): Freezes rent at original date of eligibility.

You can help to amplify the need for this robust housing plan by taking to social media using the hashtag, #NEWNYHOUSINGPLAN

Report collaborators include: LiveOn NY, New York Housing Conference, Rural Housing Coalition (RHC), New York State Association for Affordable Housing (NYSAFAH), LISC NYC, Corporation for Supportive Housing (CSH), Community Preservation Corporation (CPC), Association for Neighborhood and Housing Development (ANHD), Supportive Housing Network of New York (SHNNY), Neighborhood Preservation Coalition of New York State (NPCNYS), Center for New York City Neighborhoods (CNYCN), Regional Planning Association (RPA), New York State Rural Advocates (NYSRA), Enterprise Community Partners, Habitat for Humanity NYC and Westchester County, Leading Age New York, New Destiny Housing


More on the need for an Affordable Independent Senior Housing Assistance Program

To further promote the need for the Affordable Independent Senior Housing Assistance Program in specific, LiveOn NY, along with partners at LeadingAge New York, led an effort to memorialize this request in a letter to Governor Hochul in advance of the new session.

Letter signatories include: LiveOn NY, LeadingAge New York, Enterprise Community Partners, New York Housing Conference, Selfhelp Community Services, WSFSSH | West Side Federation for Senior and Supportive Housing, Catholic Charities POP Development, Homeless Services United, RiseBoro Community Partnership, SAGE, JASA, Breaking Ground, Selfhelp Realty Group | The Melamid Institute for Affordable Housing, Foxy Management, Chinese-American Planning Council, Inc., SKA Marin, Sisters of Charity Housing Development Corporation