The Committees on Housing and Buildings and Public Housing held their respective FY26 Executive Budget hearings today, receiving testimony from NYC Department of Housing Preservation & Development (HPD), New York City Housing Authority (NYCHA), and members of the public about the housing needs of New Yorkers.
Summary:
On May 14, 2025, the New York City Council’s Committees on Housing and Buildings and Public Housing held FY2026 Executive Budget hearings, focusing on the city’s deepening housing crisis. Testimonies from the NYC Department of Housing Preservation and Development (HPD), the New York City Housing Authority (NYCHA), and advocacy groups highlighted severe funding shortfalls, a $60 billion NYCHA repair backlog, and declining affordable housing production. Council members and advocates urged increased investment, including billions for capital projects, emergency transfers, and housing vouchers, to prevent worsening displacement and meet the urgent housing needs of New Yorkers.
Sources: TV503com , New York City Council
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