Allocation of the Limited Subsidies for Public Housing
This brief analyzes the effects of public housing preference categories in the allocation of federal housing assistance. By simulating waiting list scenarios at housing authorities in three different cities, researchers demonstrate the limits of preference categories to change the allocation of units between different types of households (i.e. families, non-disabled elderly, and disabled). Income-based preferences are far more effective in changing the concentration of poverty within developments and, in certain conditions, exposure to poverty at the neighborhood level.
Housing Justice in the Pandemic Age: Recommendations for Safe and Effective Courts During COVID-19
This brief outlines recommendations to inform the “reopening” of New York City housing courts, a term we will use to describe the incremental process of reopening court buildings, permitting new eviction filings, expanding the courts’ dockets, and other aspects of returning to full operations.
NYCHA’s Road Ahead: Capital and Operating Budget Needs, Shortfalls, and Plans
This brief contextualizes NYCHA’s budget and its plans to address budget shortfalls. First, we focus on the capital budget, describing NYCHA’s new plan and the barriers that exist to implementing NYCHA 2.0. Next, we turn to the operating budget, and describe and assess the budget deficit, as well as NYCHA’s existing plans to address the shortfall.
The Challenges of Balancing Rent Stability, Fair Return, and Predictability under New York’s Rent Stabilization System
This brief lays out some of the challenges of balancing affordability and a reasonable rate of return; explains how New York City’s local governing body (the Rent Guidelines Board) incorporates building operating cost data to make rent adjustments; scans approaches used in other jurisdictions; and explores the potential consequences of eliminating rent increase mechanisms designed to be supportive of investment in repairing and improving the housing stock.
Implementing New York City’s Universal Access to Counsel Program: Lessons for Other Jurisdictions
This Policy Brief gives a brief summary of the history of advocacy efforts to establish a “right to counsel” in eviction cases, which led up to the city’s UAC legislation. It provides an overview of the Furman Center’s observations of the first year of the program roll-out and suggests how the city’s experience might help other jurisdictions shape the design and implementation of their programs. Recognizing that every jurisdiction differs, and the importance of local context to understanding and learning from another jurisdiction’s experiences, Section II of the paper details the context in which the city’s UAC was designed. Section III then describes how the city has implemented UAC. Finally, Section IV discusses what can be learned from the city’s experience implementing the program, and highlights issues that other
jurisdictions need to consider in implementing a universal or expanded access to counsel program.
Making Dirty Land Clean: An Analysis of New York City’s Voluntary Cleanup Program (VCP)
A new policy brief by the NYU Furman Center examines how New York City’s Voluntary Cleanup Program (VCP) is being used to redevelop hundreds of brownfield sites in the city. The VCP is the city’s primary brownfield remediation program, providing oversight and support for developers to clean up properties with actual or potential contamination. The policy brief released today, Making Dirty Land Clean: An Analysis of New York City’s Voluntary Cleanup Program (VCP), sheds light on this city program to incentivize remediation and redevelopment of contaminated sites.
Policy Brief: 21st Century SROs: Can Small Housing Units Help Meet the Need for Affordable Housing in New York City?
This brief explores the potential demand for smaller, cheaper units to help address New York City’s affordable housing need. It considers the feasibility of self-contained micro units as well as efficiency units with shared kitchens and/or baths. The report considers the economics of building and operating small units and models their financial feasibility. It concludes by analyzing the main barriers to the creation of small units that exist in New York City and suggesting possible reforms that New York City can make to address these barriers.
Katherine M. O’Regan Testimony to U.S. Senate Committee on Finance Hearing on Affordable Housing
On Tuesday, August 1, 2017, Dr. Katherine O’Regan, faculty of NYU Wagner and Faculty Director at the NYU Furman Center, testified at the United State Senate Committee on Finance’s hearing entitled, “America’s Affordable Housing Crisis: Challenges and Solutions.” Dr. O’Regan’s statement outlines the extent of the nation’s affordable housing crisis and its consequences for households and markets. In discussing the federal government’s role in responding to the crisis, she discusses three proposed reforms to the Low Income Housing Tax Credit to “increase its flexibility and feasibility in a broader set of market conditions, to streamline, and to more effectively meet key policy goals.” Read Dr. O'Regan's full statement or watch a video of the hearing.
The Effects of the Low-Income Housing Tax Credit (LIHTC)
The Low-Income Housing Tax Credit (LIHTC) Program is the largest federal subsidy for the development and preservation of affordable housing. Since it was established by the Tax Reform Act of 1986, LIHTC has financed the development and preservation of more than 2.1 million units in over 28,000 developments across the country. As federal tax reform looms, however, there is growing uncertainty surrounding the future of LIHTC. In contemplation of debate about these possible changes, this brief explores what we know about who LIHTC serves and what research has shown about the impact of the program.
The Latest Reform Proposal for the 421-a Program
This report analyzes the potential impact of the most recent reform proposal for the 421-a program on housing development in New York City, which is currently under consideration by the New York State Legislature. In evaluating the proposal, the report finds that the proposed 421-a program’s increase in tax exemption exceeds the additional affordable housing benefit by $2.6 to $5.7 million for a 300-unit building. The report also finds that the higher tax break for developers may support a 10-18% rise in hard construction costs without affecting long-term financial returns.