Capital Project & Legislative Update
“pausing” all existing capital projects including supportive/affordable projects, the DOB has approved all OTDA HHAP and HCR 9% capital projects that have award letters to move toward closing. It is unclear at this time how future projects will be impacted.
The NYS Legislature was also back in session and passed a bill extending the eviction moratorium and the emergency rent relief act. Additionally, last week, Assemblymember Steven Cymbrowitz and Senator Brian Kavanagh, Housing Chairs, introduced a bill to codify an ongoing five-year housing plan for affordable and supportive housing starting in 2022.