State Budget Update – Assembly “one house”

The folks at the State Capitol got yesterday off due to the snow storm and therefore, things seem to be running a little behind.  Both houses of the legislature were due to release their proposed changes to Governor Cuomo’s budget executive budget as “one house” bill on Monday.  As of this morning, the Assembly has published a pretty comprehensive summary of their proposed changes to the budget.

The Assembly:  the Assembly is proposing several changes to the Education, Labor and Family Assistance, Article VII bill.  The Assembly would fund RPC/NPC at $22.2 million which would be a $4 million increase over what the Governor has proposed.  This amount would be $3.3 million more than last year’s enacted budget – enough to provide a $15k per group increase over last year’s funding level.  The Assembly would also provide “carve out” for the housing coalitions but they do not specify an amount for them.

The Assembly would include $10 million in MIF funding for foreclosure prevention services for the coming year.  They would also commit $20 from unspecified settlement funds to provide foreclosure services next year.

The Assembly would reduce Governor Cuomo’s proposed funding for the Rural and Urban Community fund by $8.7 million bringing the proposed appropriation for the program to $27.3 million.

The Assembly proposes to make substantial changes to the Governor’s proposal for the $2 billion House NY 2020 program.  The Assembly would add $400 million for the NYC Housing Authority bringing the total appropriation for NYCHA to $500 million.  They would get the $400 by reducing several other components of the program.  They would zero out the Governor’s proposed $45 million for the Rural and Urban Community Fund; They would zero out the $150 million middle income rental program; reduce multi-family new construction by $125 million; multifamily preservation would be reduced by $100 million to $77 million; Small projects would be reduced by $30 million to $32.5 million.  The Assembly would add $50 million under House NY 2020 to fund Housing for the Developmentally Disabled.

The Senate:  we have yet to see anything is writing from the Senate but we have been told that they will propose a million dollar increase for both the NPC and RPC programs and they would carve out $250K for the Rural Housing Coalition.  We also understand that the Senate intends to provide $10 million for foreclosure prevention services.

More news as it develops

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