Partnering to improve and preserve our homes and communities

Partnering to improve and preserve our homes and communities

HCR Brings All of New York s Housing and Community Renewal Programs Under One Roof THE AFFORDABLE HOUSING CORPORATION (AHC) THE DIVISION OF HOUSING AND COMMUNITY RENEWAL (DHCR) HOUSING FINANCE AGENCY (HFA) STATE OF NEW YORK MORTGAGE AGENCY (SONYMA) HOUSING TRUST FUND CORPORATION (HTFC) THE MORTGAGE INSURANCE FUND (MIF) THE TOBACCO SETTLEMENT FUND CORPORATION (TSFC) THE MUNICIPAL BOND BANK AGENCY (MBBA)

NYS HCR s Housing and Community Renewal Agencies are Responsible for More than 1.3 Million Units Throughout the State. Together we issue bonds, administer state programs and federal program dollars on behalf of New York State, administer the state s rent laws, and develop public and private partnerships that support our mission to improve and preserve New York s homes and communities.

HCR Strategically Aligns More than 30 Programs for Maximum Results SIMILAR PROGRAMS ADMINISTERED BY VARIOUS AGENCIES ARE ORGANIZED INTO THREE UNITS

Housing Finance and Development Programs that Fund the Development of Affordable Housing INCLUDING: LOW INCOME HOUSING TAX CREDIT PROGRAMS, TAX EXEMPT AND TAXABLE BOND FINANCE PROGRAMS, SINGLE FAMILY LOAN AND CAPITAL AWARDS PROGRAMS

Housing Preservation Programs that Maintain and Enhance Existing Affordable Housing INCLUDING: THE OFFICE OF RENT ADMINISTRATION THE SECTION 8 PROGRAM, ASSET MANAGEMENT, AND THE WEATHERIZATION ASSISTANCE PROGRAM (WAP)

Community Renewal Programs that Renew Communities, Create Jobs, and Revitalize both Urban and Rural Areas INCLUDING: NYS COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG), NYS HOME, NY MAIN STREET, AFFORDABLE HOUSING CORPORATION (AHC), NEIGHBORHOOD STABILIZATION, URBAN INITIATIVES, RURAL AREA REVITALIZATION PROJECTS, ACCESS TO HOME, RESTORE, AND THE NEIGHBORHOOD AND RURAL PRESERVATION PROGRAMS

Funding for Program Year 2012 COMMUNITY RENEWAL PROGRAMS 2012 NYS CFA FUNDING: $41.2 MILLION $10 MILLION CDBG INFRASTRUCTURE & PUBLIC FACILITIES $18 MILLION CDBG ECONOMIC DEVELOPMENT $5.2 MILLION NEW YORK MAIN STREET PROGRAM $4 MILLION URBAN INITIATIVES (UI) $4 MILLION RURAL AREA REVITALIZATION PROJECTS (RARP) 2012 HOUSING FUNDING: $46.4 MILLION $10 MILLION CDBG HOUSING $25 MILLION AHC AHODP $10 MILLION HOME LPA $1 MILLION ACCESS TO HOME $400,000 RESTORE

Affordable housing and community renewal is an important part of New York s strategy to encourage economic growth. JOBS, JOBS, JOBS. Housing and Community Development equals job creation. Our own studies and analysis, along with those of others, shows that housing and community developments create real and sustainable jobs for communities large and small. Evidence of job creation via these activities should be used to reinforce the support and increased funding by local, state and federal officials. RURAL AREA REVITALIZATION PROJECTS (RARP) Provides financial/technical resources to rural New York communities with populations of 20,000 or fewer residents Provides grants to not-for-profit community based organizations and charitable organizations that have a direct interest in improving the health, safety and economic viability of a rural area or other aspects of the area environment that are related to community preservation or renewal activities. Awards from $50,000 to $200,000 to undertake housing preservation and community renewal activities in distressed rural areas by preserving existing housing units, generating new housing units, upgrading commercial and retail areas and by creating innovative approaches to neighborhood and community revitalization which improve cultural and community facilities.

Philmont, NY Before. After

Watertown, NY NYS CDBG, NYMS and Low Income Housing Tax Credits combined with other funding to help preserve the historic Franklin Building in downtown Watertown, NY providing affordable apartments, commercial retail space, and revitalizing the local economy.

Developing and Preserving Homes and Communities Statewide Recent Accomplishments Affordable Housing Development HCR financed the development of 24,119 units of affordable rental housing across the state from 2007-2010, and nearly 2,000 affordable supportive housing units in the last four years Affordable Housing Preservation HCR financed the preservation of more than 13,000 units of affordable housing since 2007 Community Revitalization From 2007-2010, HCR awarded Community Development Block Grant funds to 126 projects that will create or retain more than 7,000 jobs, and provided New York Main Street funding to help 152 community-based initiatives strengthen Main Streets and downtown business districts

Advocating for Your Communities Know your needs Conduct a Housing Needs Analysis NYS Housing Needs Study available online at http://www.nyshcr.org/publications/housingneedsstudy/ Know what you have to offer What makes your community attractive to a prospective developer, not for profit or others? Know your base of support Do you have the support of residents, local officials and others?

New Ideas and Innovative Strategies Unified Funding Process NYS Regional Councils and the Consolidated Funding Application (CFA) http://regionalcouncils.ny.gov More information online http://www.nyshcr.org