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What the proposed NYS budget means for affordable housing

Friday, January 20th, 2012

September 18, 2012 Courtesy of New York Housing Conference (thenyhc.org)

New York State 2012-13 Budget – Affordable Housing Highlights

Governor Andrew Cuomo has released his budget proposal for the coming fiscal year. The plan, which needs to be approved by the Legislature, closes an estimated $3.5 billion budget gap in the coming year with $2 billion in savings and $1.5 billion derived from the recently reworked tax code that increased levies on top earners.

The plan calls for total agency operations to decrease by four-tenths of a percent over the current fiscal year. As expected, the state will spend an additional 4 percent on education and Medicaid in the year ahead. The plan includes the creation of a new and less-generous pension tier for new employees that’s anticipated to save local governments $79 billion over the next 30 years. The retirement age would be raised, and employees would be required to make increased contributions. Cuomo also plans to tie a share of school funding to the adoption of a statewide teacher evaluation system.

Cuomo recommends $291.71 million for the Division of Housing and Community Renewal. This is a decrease of $22.35 million from the 2011-12 Budget. The decrease primarily reflects the elimination of funding for the Neighborhood and Rural Preservation Programs and a reduction in excess Federal authority for the Small Cities Community Development Block Grant.

The proposed Budget recommends a workforce of 759 full time equivalents (FTEs) for the Division. This is an increase of 14 FTEs from the 2011-12 Budget. The increase reflects the additional staff needed to support the new Tenant Protection Unit in the Office of Rent Administration.

The Governor proposed the elimination of the popular Neighborhood and Rural Preservation Companies programs, but he also called for expanded funding of the State Low-Income Housing Tax Credit program and the Rural Rental Assistance Program. All other Capital programs remained funded at last year’s levels. The affordable housing program highlights are below.

Local Assistance Funding for Affordable Housing:

The Executive Budget would eliminate funding for community based nonprofit organizations under the popular Neighborhood Preservation Companies program (NPCs) and Rural Preservation Companies program (RPCs). According to the plan, NPCs would lose $8.479 million and RPCs would lose $3.539 million “in order to preserve resources for other critical housing initiatives”. Last year the Governor proposed budget language that would have combined the two programs into one and significantly change their funding criteria, but the legislature rejected those changes and the final enacted 2011-12 budget increased funding above what the Governor had proposed.

The Executive Budget calls for an increase in funding for the Rural Rental Assistance Program (RRAP). RRAP provides State funded rental subsidies to approximately 4,700 low income occupants of rural housing projects partially financed by the US Department of Agriculture. The cost of the program increases annually due to federally approved rent increases. Additional funds are needed to continue the current number of rental units participating in the program.
The Executive Budget includes two initiatives that will assist homeowners and tenants. Within the Department of Financial Services (formerly the Department of Banking which was merged with the Department of Insurance), a new Foreclosure Relief Unit will be established to provide counseling and mediation services to help New Yorkers stay in their homes. Within DHCR or New York Homes and Community Renewal, a new Tenant Protection Unit will be established to proactively enforce landlord obligations and impose strict penalties for failure to comply with New York State’s rent laws.
The Executive Budget also calls for the suspension of the New York City Shelter Supplement Funding. The 2011-12 Budget included $15 million for a new initiative to prevent eviction and address homelessness in New York City. Because the initiative remains under development, additional funding will be suspended pending a determination of the efficacy of the program.

Capital Budget for Affordable Housing:

The Governor’s proposed budget calls for the expansion of the Low Income Housing Tax Credit Program. The Commissioner of the Division of Housing and Community Renewal would be authorized to allocate an additional $8 million annually in each of the next five years in aggregate credit awards to taxpayers who develop qualifying housing projects for low-income New Yorkers. Credits are given in equal installments for a ten-year period. The total amount of credits that would be awarded from this new authorization would be $400 million over a multiyear period. The Governor projects this will increase low income housing opportunities by 600 units annually.

The Executive Budget also calls for $32.2 million for the Low-Income Housing Trust Fund Program, which provides grants of up to $125,000 per unit to construct or renovate low-income apartment projects.
The plan includes $25 million for the Affordable Home Ownership Development Program, which provides grants of up to $40,000 per unit to construct or renovate homes for low and moderate- income families.
The Budget includes $6.4 million for the Public Housing Modernization Program, which subsidizes repairs at 74 State-supervised public housing projects across the State. A total of $400,000 will be reserved for capital activities aimed at reducing illegal drug activities at these projects.
The Governor asked for $7 million for the Homes for Working Families Program, which combines State funds with other available public and private sector moneys, Federal Low Income Tax Credit proceeds and non-State supported bond funds to construct affordable rental housing for low- and moderate-income households.
The plan calls for $400,000 for the Housing Opportunities for the Elderly Program (also known as RESTORE), which provides grants to low-income elderly homeowners for emergency home repairs.
The Budget includes $1 million for the Access to Home Program, which provides funding for home adaptations for individuals with disabilities to enable them to continue to live in their own residences and avoid institutional care; and $2.2 million for the New York Main Street Program, which provides assistance to communities for the revitalization of historic downtowns, mixed-use neighborhood commercial districts, and village centers.

NOTE: Last year’s Executive Budget had called for $12.8 million in funding for the Public Housing Modernization program – the same as the prior year. The program provides capital funding for rehabilitation of state public housing units. Under the final budget, half or $6.4 million was repurposed to other state housing programs. These funds would have gone to the New York City Housing Authority (NYCHA), but the City’s 20,000 state public housing units were federalized last year and are now eligible for federal capital funds. Last year, in place, the Housing Trust Fund received an additional $3.2 million, the New York Main Street program received $2.2 million and the Access to Home program received $1 million. The Executive Budget for next fiscal year maintains this same funding arrangement.

Chambers Elementary Students Serenade Neighboring Seniors

Tuesday, December 20th, 2011

By KYLE WIND, Freeman staff, December 20, 2011

TOWN OF ULSTER — The Chambers Elementary School chorus on Monday spread some holiday cheer to its little corner of the world when students caroled and performed songs from their latest concert for residents of The Birches at Chambers and the Chambers Court senior communities.

Traditional holiday hymns 51 fourth- and fifth-grade students performed for their neighbors at the apartment complex, which is a short walk from the school, included “Joy to the World,” “The First Noel,” “Silent Night,” and “Hark the Herald Angels Sing.”

“It was wonderful,” said 80-year-old Fran Gillis, one of the 25 residents who watched the performance. “It means very much to me, and the kids are really great.” (To see the accompanying video, click here.

Chorus Director Mona Stovall said the carolling is part of a longstanding Chambers tradition she started in the late 1970s or early 1980s. Students have caroled in different places around town over the years ranging from the Golden Hill Health Care Center to Barnes & Noble.

Fifth-grader Kiera Gallo, who was excited for the chance to perform her solo in “The Holly and the Ivy,” described the visit as “a chance to spread cheer through The Birches and Chambers Court.”

“The children get great joy out of it, and so do I,” said Stovall, who said she began the tradition because she believes in community service.

Stovall said the experience often exposes students to elderly people with disabilities, and some of her former students went on to become special education teachers, perhaps being put on that path as the result of their early carolling rounds.

Doing 90

Tuesday, November 29th, 2011

November 29, 2011: The Report 90+ in the United States: 2006-2008 was issued this month by the American Consumer Survey (ACS), which is sponsored by the US Census Bureau. The ACS gathers data for the Census Bureau on an annual basis; this data is utilized by communities in allocating investments and services. Unfortunately, crunching the data and reformatting it into readable, intelligible reports takes time. Hence the appearance of three-year lag; in reality the 2010 census is cited in some instances.

Significant in the findings is that 90+ is the new 85+. Many demographic reports analyze age groupings such as 55 to 64, 65 to 74, and then 85+. This assumes a commonality in the group and/or smaller numbers that may not be reliable statistically. Yet the reality shown in this report is that there are some sharp distinctions, even in the five year segment breakdowns of 85 to 89, 90 to 94, and 95+. Certainly as our seniors of today age healthier than their predecessors this will morph expectations for these segments.

This segment is growing both in size and proportion of the older population. Between 1980 and 2010, the people aged 90 and over almost tripled to 1.9 million. Projections are that the 90+ segment will more than quadruple by 2050, in comparison to a doubling of the population 65 to 89.

New York currently ranks third (after California and Florida) in the sheer number of 90+ residents, but it’s not even in the top ten when comparing the percentage of 90+ versus the 65+ populations by state.

The report details racial and educational statistics, and considering the report covers those born in 1918, this is an educated group. Perhaps not a surprise that women aged 90+ outnumber 90+ men nearly 3 to 1.

The economic numbers are certainly of interest in the affordable housing field:

Social Security represents almost half of total personal income for the 90+ (47.9%)
The poverty rate for the 90+ is higher than that for those aged 65-89
16.5% of women and 9.6% of men aged 90 and older were in poverty 2006-2008

When one considers this in the perspective that many baby boomers are ill prepared for retirement, and certainly for living some 20 years longer than expected, the economic forecast for this segment is of concern. Further compounding this is that the report addresses the 2006-2008 period, during which the source of 29.8% of 90+ income was ”other” (which would include directly held investments), and 18.3% came from retirement accounts. Given the financial upheaval from the end of that period to the present would indicate that the 2011-2012 period would mean the 90+ segment might well be relying on Social Security for more than half of their income.

Difficulty doing errands alone and mobility-related limitations are the two most common types of disability for the 90+ (disability in this context is defined as a substantial limitation in a major life activity). Appropriate transportation modalities, proximity of services and handicapped accessibility will be key features of senior housing to come.

Aging in place will play an important role for the 90+ segment. While the percent of people with disabilities increases sharply with aging (see below), the nature of the disability(ies) may determine whether the individual needs an institutionalized setting or not. Certainly advances in senior housing facilities and services offer alternatives to more expensive nursing homes or even alternative level of care facilities.

Ages 85-89 80.4% report one or more disabilities
Ages 90-94 82.7%
Ages 95+ 91.2

To see the full American Community Survey Report, 90+ in the United States: 2006-2008, authored by Wan He and Mark N. Munchrath, click here.

- K.J. McIntyre

80 is the New 65 for Retiring Americans

Thursday, November 17th, 2011

Source: AOL by David Schepp posted 11/16/11

The idea of retiring at age 65 is no longer a reality to many Americans, with many anticipating that they will have to work another 15 years – to age 80 — before they can afford to quit work, a new survey shows. Further, the poll of 1,500 middle-class Americans showed that 76 percent of respondents felt it was more important to save a specific amount for retirement, compared to 20 percent who said it was more important to plan to retire at a specific age, regardless of savings. The survey, conducted in August and September by Wells Fargo & Co., defined “middle class” as households having income or assets of $25,000 to $100,000.

“The fact that the vast majority of middle-class Americans expect to work well past the traditional retirement age has significant societal and economic implications,” says Joe Ready, director of Wells Fargo Institutional Retirement and Trust, in a statement released with the study. Among the questions raised, Ready says, are whether people will be physically and mentally able to work later in life and the way in which postponed retirements will affect employment opportunities for youth. (For accompanying video, click here. )

Working Out Of Necessity

Results from the survey showed that three-fourths of respondents said they expect to work in the retirement years. Of those, 39 percent said they will do so out of necessity, while 35 percent said they will work because they want to. Among respondents aged 40 to 59, more than half (54 percent) said they will need to work past retirement age, compared to 34 percent of those 25 to 39. Likewise, just 25 percent of those aged 40 and 59 say they will work past 65 because they “want to,” compared to 45 percent of 25- to 39-year-olds. The poll further showed that of those Americans who plan to work in the retirement period, nearly half (47 percent) expect to do similar work, while 42 percent expect to be employed in a position that requires less responsibility.

Factors contributing to workers’ belief they will need to delay retirement, Wells Fargo says, include the reduction of the number of private employers offering traditional pension plans. In recent decades, many companies abandoned so-called defined-benefit plans in favor of 401(k) and other types of defined-contribution plans, which are tied to the performance of the stock market. But the volatility of stock prices in recent years has left many Americans feeling the stock market is no place to put hard-earned retirement funds. The poll showed that 68 percent of those aged 25 to 75 have little confidence in the stock market as a good place to invest for retirement.

When asked how they would invest $5,000 for retirement, half of respondents said they would invest in a mutual fund or stocks, while 45 percent said they would purchase a certificate of deposit from a bank. The survey also showed that anticipated cutbacks in Social Security and Medicare benefits have many U.S. workers rethinking how much help they can expect in support from government programs.

Scaled-Down Expectations

Perhaps unsurprisingly, the survey showed that younger Americans are more willing to accept cuts to Social Security and Medicare programs to help reduce the ballooning U.S. debt. About half of those polled who were aged 25 to 49 are willing to accept future cuts, compared to 28 percent of 50- to 59-year-olds, and 19 percent of those aged 60 to 75.

Along with changing attitudes toward work in retirement, Americans are also revisiting their expectations for support from social-welfare programs, says Laurie Nordquist, director of Wells Fargo Institutional Retirement and Trust, in a statement. “As as we look for solutions to strengthen the country and address the debt load of our nation,” she says, “there is a willingness among younger Americans to put traditional support systems on the table for reform.”

The poll also showed that middle-class Americans are underestimating the amount of out-of-pocket health-care costs they are likely to incur in retirement, with respondents planning to spend a median $60,000. But, notes Wells Fargo, a 2010 study from the Center for Retirement Research at Boston College estimated the total cost of uninsured health-care costs for a typical married couple aged 65 is nearly $200,000.

Green, Greener, Greenest!

Friday, July 15th, 2011

THE SENIOR GAZETTE, Serving the Senior Community in the Hudson Valley

Friday, July 15, 2011

The Green label is applied to many products, services and buildings, yet what do these labels really mean? The Birches at Chambers, Birchez Associates latest Senior Community in Ulster County, supplies one concrete answer – what it means to be the greenest. This 62 apartment unit building has been certified as LEED Platinum, the highest recognition provided through the US Green Building Council. The Birches at Chambers is now the largest low-rise multifamily affordable building to earn Platinum on the East Coast. (Meantime, the community’s cottage and caretaker’s home both received LEED Gold, no mean accomplishment.)

A rigorous scoring procedure by third parties looks at criteria including site selection, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality. What does that mean to the Senior Residents at The Birches? Reduced energy costs are achieved through solar thermal and photovoltaic panels on the roof, super insulation, and state of the art ventilation systems. Quality of life is improved through radiant heat in many first floor units, an evenness of temperature, healthier air quality, and the knowledge that grandchildren may inherit a cleaner planet.

LEED certification is an ongoing commitment through energy audits, a vigorous recycling program and education. Nor is this a one time thing for the Birchez organization. It’s Founder and Managing Member Steve Aaron has a strong personal commitment to sustainability. “I remember the first Earth Day forty-one years ago. As I look back, I am painfully aware that we have not done enough.” As Mr. Aaron puts it, “You’re never too old to go Green.”

Hear Us Live, talking about LEED Platinum

Thursday, July 14th, 2011

Kingston, NY. MyKCR hosts Fred Wadnola (Chairman of the Ulster County Legislature) and Fred Teetsel (Former Alderman, City of Kingston) welcomed Steve Aaron, Founder & Managing Member of Birchez Associates LLC and K.J. McIntyre, Director of Marketing. Fred Wadnola, who was a guest at the presentation of the LEED Platinum award to The Birches at Chambers on Monday, opened the program with his comments on how impressed he was that this certification, the only multifamily in the Hudson Valley, had come to Ulster County.

Steve Aaron and K.J. McIntyre spelled out what it took to achieve LEED Platinum and how few affordable communities have received it. To hear the radio broadcast, click here and hit listen. The broadcast starts about 5 minutes in and lasts for a little more than 20 minutes and we suggest you turn up your sound especially in the beginning. MyKCR (Kingston Community Radio) broadcasts from 7am to 9am each weekday on WGHQ 920AM.

Birches At Chambers Affordable Housing Development Awarded LEED Platinum Certificate

Tuesday, July 12th, 2011

BYVICKI DISTEFANO

KINGSTON – Congressman Maurice Hinchey (D-NY 22nd district), Ulster County Executive Michael Hein, and others gathered on Monday, July 11 to celebrate the LEED Platinum certification of The Birches at Chambers affordable housing development here and to discuss the findings of a report on Green Housing & The Baby Boomers.

Discussion points included economics, health, affordability, population projections, and the local green connection. Others who spoke about the importance of green building, sustainability, and affordable living were Steven L. Aaron, founder and managing member of Birchez Associates LLC, Greg Watson, assistant commissioner for regional affairs for NYS Homes and Community Renewal, William C. Janeway Region III director, Department of Environmental Conservation, and Joseph Malcarne LEED AP and president of Malcarne Contracting.

Following the formal remarks outside The Birches at Chambers, the multi-apartment, affordable senior housing received its LEED Platinum certificate, the highest attainable green building label by the U.S. Green Building Council. Tours of the facilities, conducted by LEED knowledgeable guides, followed.

The Birches at Chambers is the only Hudson Valley multi-family to attain LEED Platinum certification. With 66 one- and two-bedroom apartments, it is the third largest low-rise multifamily affordable project in the US or Canada, and one of only two on the East Coast (the other being a 32-unit project). The building is also a NYSERDA Energy $mart Building. In addition, the cottages and caretaker’s unit that are part of this senior community achieved LEED Gold certification.

The Birches at Chambers is the fifth affordable community developed and managed by Birchez Associates LLC of Kingston. Completed in spring of 2010, the 66 apartments are for seniors age 62 and over, at up to 60 percent of area median income. The units are powered by solar thermal and photo voltaic (PV). All units are handicapped ready and many are handicapped accessible.

The Birches at the Chambers is one of five of Birchez developments. For more information about Birches at the Chambers or any other Birchez development visit Birchez.com

Maurice Hinchey salutes Hudson Valley LEED Platinum award winner

Tuesday, July 12th, 2011

Kingston, NY, 7-11-2011 At a panel on “Green Housing & The Baby Boomers,” U.S. Representative Maurice Hinchey (D-NY 22nd District) spoke of the significance of healthy green buildings, especially so when it is provided at the affordable senior housing level. At the presentation held at The Birches at Chambers, Hinchey spoke with pride that his district now has a LEED Platinum award winner in the multifamily category, the only one in the Hudson Valley.

Hinchey is shown here with Steven L. Aaron, the Founder and Managing Member of Birchez Associates LLC, the developer and management company for The Birches at Chambers. Hinchey addressed an audience of elected officials, business and civic leaders during the presentation at Birchez’ latest senior community in the town of Ulster.

The event, “Green Housing & The Baby Boomers” covered issues of health and dignity for seniors, especially with the start of the impact of the burgeoning Baby Boomer wave upon the country and the county. Hinchey honed in on how important LEED Platinum is to The Birches at Chambers, a 66-unit community adjacent to Chambers Court, the 72-unit original Birchez’ senior housing community completed just seven years ago.

The Birches at Chambers is now in an elite international group that has achieved LEED Platinum, developed by the US Green Building Council. The largest East Coast affordable low-rise multi-family housing project, this is the third largest in the US or Canada to earn this certification. Additionally, The Birches at Chambers is:

One of only five multi-family Platinum projects in the state of NY.
Third largest affordable project in the state of NY.
Ninth largest low or mid rise multi-family (including custom and market rate) in the US and Canada.
Only multifamily project in the Hudson Valley to achieve LEED Platinum.

In addition to using local workers on the construction, Aaron pointed out the local sourcing of the solar panels which both helps the local economy and decreases the use of fossil fuels in transporting materials.

Other panelists were Greg Watson, Assistant Commissioner for Regional Affairs, NYS Homes and Community Renewal (NYS HCR), William C. ”Willie” Janeway, Region III Director, Department of Environmental Conservation (DEC), Michael Hein, Ulster County Executive Officer, LaMar Hasbrouck, MD, MPH, Director of Public and Mental Health for Ulster County, Joseph Malcarne, LEED AP, member of the US Green Building Council and President of Malcarne Contracting, and the host of the event, Steven L. Aaron, Founder and Managing Member of Birchez Associates.

Following the panelists remarks and the presentation of the LEED Platinum award to Steve Aaron and his wife Judy who contributed to design work (both interior and exterior), attendees were treated to tours of the building including mechanical rooms to see how the solar thermal and photovoltaic panels, high efficiency condensing boilers and state of the art circulating pumps all came together to help towards the LEED Platinum designation.

The tours of the building included the fitness studio with a specially trained senior fitness instructor, crafts room, library/game room, computer lab, and much appreciated on a hot day, the state of the art theater which cooled visitors after spending time in the warmth of the mechanical room. To the left is a partial view of the array of solar thermal and photovoltaic panels on the roof of the main 62-unit building which received the award. (LEED Gold was attained for the cottage units and caretaker’s home.)

‘Green’ senior housing receives praise

Tuesday, July 12th, 2011

KINGSTON, 7/12/2011 – As Ulster County’s population ages and energy resources grow scarcer and more expensive, there will also be a need for more affordable housing, especially for those on a fixed income, and the working public.

The Birches at Chambers, in the Town of Ulster, is a 62-unit senior affordable housing complex, and it’s the first multi-unit facility in the Hudson Valley to be given a Leadership in Energy and Environmental Design (LEED) award for its green building technology.

Willie Janeway, regional DEC director, said as housing remains in demand for baby boomers and the workforce, this housing fits the bill.

“The state is encouraging and doing all it can to support housing such as the housing we are celebrating today that is affordable for seniors and is also built ;green’, Leadership in Energy and Environmental design (LEED), which is the gold standard for environmental green building,” he said. “It makes it more sustainable and in the long term it will save money.”

Congressman Maurice Hinchey (D-Hurley) said the project could serve as a model around the nation.

Steve Aaron, founder and managing partner of Birchez Associates, thanked Hinchey and other local officials like Ulster County Executive Michael Hein for helping to create a climate that’s conducive to go green on a mass scale.

Hein praised Aaron’s efforts to combine some future pressing needs to build more affordable housing that will have less impact the environment.

“It’s an enormous undertaking that you’re meeting the highest standards of building (technology),” said Hein. “We have to make sure places like this exist, so people can live with dignity regardless of their financial means.”

Birchez Associates featured on Senior Services panel

Friday, June 10th, 2011

At the recent annual conference for the New York State Association for Affordable Housing (NYSAFAH), a panel on senior housing featured Birchez Associates. Speaking for Birchez were Founder & Managing Member Steven L. Aaron and Director of Marketing, K.J. McIntyre. Known to provide market rate plus services and amenities at affordable rents for seniors, Birchez Associates has built and manages four affordable senior communities in the Hudson Valley, as well as one workforce affordable community.

Entitled Serving Seniors: Innovative Ideas and Opportunities, the panel was chaired by Peter Florey of D&F Development. In addition to the Birchez representatives, the panel included Ken Harris of the NY Association of Housing & Services for the Aging, Evelyn Wolff of Selfhelp Community Services, Julie Behrens of the NYC Department of Housing Preservation & Development, and Stuart Zalka representing NYS Homes & Community Renewal.

Among services and amenities provided for residents, Birchez Associates employs a Senior Advocate, Alice Tipp, who had served for 30 years in the Ulster County Legislature and chaired the Health Services Committee. Ms. Tipp provides a knowledgable bridge to resources and services in the greater community. At residents’ meetings, she frequently invites service providers to meet with the residents. Augmenting the advocacy team is the Director of Community Services, Paul Watzka.

Working with agencies such as the Ulster County Office for the Aging and Jewish Family Services, Birchez has brought services to the doorstep. Both physical and mental health issues are attended to at the Birchez Communities. This spring a mental health social worker was on hand to meet with seniors dealing with issues such as bereavement and depression and to recommend longer term services available often at no cost to the senior. One result of this has been the formation of a weekly group at The Birches at Chambers.

Physical health is improved at the Fitness Studios available at both The Birches at Chambers and The Birches at Esopus (although open to all Birchez residents). Here a specially trained senior fitness coach is available at no cost to work out at the residents ability and speed.

Augmenting amenities include Media Centers with state of the art projection and sound for the latest Indie or Classic film. Community rooms encourage gatherings, the library/game room to meet with friends, and a computer lab for instruction and free use.

The crafts room allows seniors to show off crafting ability and to learn new ones. A team of knitters created nearly 100 caps for young children this past winter at both the local neighborhood center and Sloan Kettering Cancer Hospital. Among the participants were three male seniors, two of whom were in wheelchairs. None of them had ever knitted before but they took to the project with zeal.

Steven L. Aaron, Founder & Managing Member of Birchez Associates LLC, is a board member of NYSAFAH. Birchez Associates was a Gold Sponsor for the annual conference held in New York City each spring. Birchez Associates LLC, founded in 2002, has built five affordable housing communities in the Hudson Valley.

The New York State Association for Affordable Housing (NYSAFAH), formed in 1998, the New York State Association for Affordable Housing (NYSAFAH) is the trade association for New York’s affordable housing industry statewide. Our 300 members include for-profit and nonprofit developers, lenders, investors, syndicators, attorneys, architects and others active in the financing, construction, and operation of affordable housing. Together, NYSAFAH’s members are responsible for virtually all of the housing built in New York State with federal, state, or local subsidies. is the trade association for New York’s affordable housing industry statewide. Our 300 members include for-profit and nonprofit developers, lenders, investors, syndicators, attorneys, architects and others active in the financing, construction, and operation of affordable housing. Together, NYSAFAH’s members are responsible for virtually all of the housing built in New York State with federal, state, or local subsidies.