Fast forward twenty years from today. Pathways to healthy, sustainable, affordable homeownership have been cleared for New York’s working families, whether they are seeking to buy or to stay in their homes. Communities of color have access to fair lending for homeownership, and the racial wealth gap has been reduced significantly. Seniors have the resources […]
UPDATE: Gov. Andrew Cuomo signed the legislation Aug. 14, 2019, expanding protections for deed theft victims, as well as other measures that further safeguard homeowners. “These measures enact sweeping protections for homeowners and close loopholes in order to level the playing field and preserve the American Dream for New Yorkers in every part of this […]
The City’s Third Party Transfer program has primarily been used to stabilize distressed multifamily buildings. Few single family homes meet the definition of statutory distress that defines eligibility for TPT and single-family owner-occupied homes are typically subject to the tax lien sale and mortgage foreclosure proceedings when a homeowner is in deep distress. However, the […]
The HomeFix program provides a comprehensive place-based approach to addressing homeowner repair needs and other assistance. The New York City Department of Housing and Preservation Development program provides access to affordable low- or no-interest and potentially forgivable loans for home repairs to eligible owners of one- to four-family homes in the five boroughs. Fill out the […]
FOR IMMEDIATE RELEASE: JUNE 11, 2019 CONTACT- Cristian Salazar, 646-786-0898, cristian.salazar@staging.cnycn.org Elected Officials, Advocates Call for Expanded Funding for Homeowner Services in NYC Budget Groups call for $10 million in NYC budget to support programs to help fight displacement caused by foreclosure, scams, tax liens NEW YORK, NY — City Council Members Adrienne Adams, Donovan […]
Testimony before the New York City Council Committee on Housing and Buildings regarding funding for foreclosure prevention and legal services on January 29, 2019 Read the full testimony here.
Seniors are the fastest growing demographic in New York City, and many are homeowners living on fixed incomes. As housing costs have risen, it has become increasingly difficult for seniors to afford aging in place. That’s why the Center has been at the forefront of addressing these challenges with its Senior Initiative. Funded by the […]
No Funding to Continue Nonprofit Housing Counseling and Legal Services in Executive Budget Statement from the Communities First coalition in response to Governor Cuomo’s executive budget address: “For New York homeowners, there was one devastating omission in Governor Cuomo’s executive budget: funding to continue essential, free nonprofit housing counseling and legal services to New Yorkers […]
Investor home purchases have not only doubled since the foreclosure crisis but represent the nation’s largest landlords of single-family homes in the nation. “Investors” are defined as individuals or companies that purchase homes to profit from them by flipping them, converting them into rentals, or holding them for the purpose of storing and building wealth […]
Affordable homeownership is a key building block of a more inclusive and equitable New York that cuts across socioeconomic, racial, and ethnic boundaries. Working- and middle-class communities depend on homeownership as an engine for economic mobility — and with vast economic inequality in New York City, preserving affordable homeownership is more important than ever. Our […]
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