A sigh of relief for RPCs FOR NOW

Preservation Programs were spared for now in the deficit reduction package for New York. Legislators did NOT go along with the Governor’s Proposal to cut the Preservation program in an effort to balance the New York State budget.

Anticipating that the program would be reduced as recommended, contract payments were actually cut. Now that the state budget stands through March 31, with only the six percent cut that the legislature did agree to in August, processing for payments  due to  preservation companies will begin this week for about  $9,100

Cuts considered this week

The Governor has proposed reducing  funding for Neighborhood and Rural Preservation Programs for the individual 2008-09 contracts by 25 percent of remaining payments. (2008-09 Savings: $2 million; 2009-10 Savings: $2 million) The legislature must agree to this, as they did in August when the program suffered its first cut. So this cut being considered is the second cut to existing contracts. Contact your legislator TODAY- ask them to STAND UP against the cuts when considered this week for passage! Ask them to contact their leaders and tell them NOT  to agree to  cut the essential affordable housing delivery network!

It’s up to You

You can provide testimony and inform Senate Finance and Assembly Ways and Means on why housing is an essential part of the New York State Budget.  Budget hearings will be held on January 29, 2009 in Hearing Room C of the Legislative Office Building.   To testify  in Albany, contact Clinton Freeman, 518-455-5491 and limit your remarks to 10 minutes. Bring 40 copies to Albany. If you cannot travel to Albany you may send 10 copies of your remarks to: A. Herman D. Farrell, Rm 923 LOB, Albany, NY 12248 within 5 days of the hearing

More in the Economic Stimulus Proposal

Community Services Block Grant: $1 billion for grants to local communities to support employment, food, housing, and healthcare efforts serving those hardest hit by the recession. Community action agencies have seen dramatic increases in requests for their assistance due to rising unemployment, housing foreclosures, and high food and fuel prices.

Community Development Block Grants: $1 billion for community and economic development projects including housing and services for those hit hard by tough economic times. Continue reading

Housing in Federal Stimulus Package

Attacking the Housing Crisis

·        Public Housing Capital Fund: $5 billion for building repair and modernization, including critical safety repairs.  Every dollar of Capital Fund expenditures produces $2.12 in economic return.  $4 billion of the funds will be distributed to public housing authorities through the existing formula and $1 billion will be awarded through a competitive process for projects that improve energy efficiency.

·        HOME Investment Partnerships: $1.5 billion to help local communities build and rehabilitate low-income housing using green technologies.  Thousands of ready-to-go housing projects have been stalled by the credit crunch.  Funds are distributed by formula. Continue reading

RPC Talking Points

  • RPCs and NPCs are a nationally recognized model with a strong record of putting  housing dollars to work
  • RPCs and NPCs are in the forefront of the battle to stem the tide of foreclosures
  • RPCs and NPCs leverage over $25 in state, federal and private resources for every dollar provided through the Preservation Program
  • RPCs and NPCs are governed by local boards of directors and are responsive and accountable to their communities

Session underway

Legislators will be in Albany with session at 3:00 today. 2009-legislative-calendar

Note that they will be in town Monday through Thursday the entire week of March.  Start planning your visits now.

Governor Patterson’s State of the State Address

The governor’s speech before a joint session of the Legislature, scheduled to begin at 1 p.m. Wednesday, opens the 2009 legislative session.  Senate leadership met last night Continue reading

More on Rural Rent Cuts

Users of the Rural Rental Assistance Program know that this unique NYS Program allows us to leverage funds for new construction of rental housing- a program that is all be gone in other states.  Now the State is looking to cut the program- no new units and fund most of this year’s expiring units with HUD Section 8 project based rental assistance.  So it “fixes” the current crisis for this year, but what about next year? Will there be any more HUD Section 8 available?  They also have negotiated a one year decrease in deposits to project reserves to save money on rents.  Will that do these units any good? A short term solution at best

The Governor proposes to cut

Governor Patterson released his Executive Budget Proposal for New York 09/10 fiscal year. RPC and NPC cuts were made by about half which roughly translates into a cut from the current $90,900 (RPC) to approximately $52,000. Bonded capital programs are proposed for the  Housing Trust Fund  at  $29 million; $25 million for AHC and HHAP at $25 million with the usual ad on for AIDS housing. RARP and UI are zeroed out and so is Main Street.  $400,000 is proposed for RESTORE

One very large concern is the proposed cut to the Rural Rental Assistance Program. Continue reading