
Update
LETTER FROM THE PRESIDENT & CEO
The Housing Partnership Entered 2023 With Strong Momentum From 2022 Accomplishments
Dear Friends and Partners,
Since its founding in 1983, the Housing Partnership has worked hard to increase the supply of affordable housing, consistent with our mission to expand housing opportunities in the region.
We have always closely mirrored the affordable housing strategies of the City and State of New York. In the 1980s era of “urban flight,” when New York City had tens of thousands of surplus properties available for development, the Partnership worked diligently, leading public-private partnerships to use these sites to develop affordable rental and for-sale housing. The success of those historic Partnership efforts is now evident in the form of economically robust and socially vibrant neighborhoods with tangible population growth. The prosperity that New York enjoys today would not have been possible without the sustained work of the Housing Partnership.
With new times, however, come new challenges. 2022 saw New York facing a worsening crisis of housing affordability, with demand for affordable housing even further outstripping the supply. New York also is not exempt from the impact of inflation on the costs of housing construction labor and materials as well as the increased interest rates and supply chain disruptions that make it harder to build and preserve affordable housing…
Housing Partnership
2022 Achievements
NEW DEVELOPMENTS
8
affordable housing projects closed, with over
$600.2M
in total development costs, with
1,407
affordable units created or preserved, for approximately
2,400
New Yorkers to be housed upon completion.
CREATING OPPORTUNITY
510
individuals in 220 households placed in new affordable NYC apartments where the rent will never exceed 35% of their income.
72
affordable homeownership closings to families comprising 289 individuals in New York City.
HOMEOWNERSHIP COUNSELING
1,513
graduates from the Housing Partnership’s HUD-certified First Time Homebuyers Counseling Program, with
58.3%
representing Black, Indigenous, and People of Color (BIPOC) households.
$3.6M
leveraged in Down Payment & Closing Costs Assistance Programs for
308
newly created homeowners.

Rendering of Marcus Garvey Plaza. Source: Carthage Advisors
DEVELOPMENT UPDATE
Noteworthy Affordable Housing Projects in Harlem and Jamaica, Queens, Developed by Public-Private Partnerships Led by the Housing Partnership
The noteworthy affordable housing projects developed in 2022 by public-private partnerships led by the Housing Partnership include Marcus Garvey Plaza in Harlem and the T Building Apartments in Jamaica, Queens.

Locust Hill Workforce Housing Community, Rhinebeck, NY. Source: The Kearney Group.
DEVELOPMENT UPDATE
Housing Partnership Leads Public Private Partnership Developing Workforce Housing in Town of Rhinebeck, Dutchess County, NY
The Housing Partnership is leading a public private partnership developing an 80-unit workforce housing community in the Town of Rhinebeck in Dutchess County, New York.

SUSTAINABILITY UPDATE
HP Sustainability Solutions’ Growing Role Serving Property Owners in the Decarbonization of Multifamily Affordable Portfolios
2022 was a year of significant growth for HP Sustainability Solutions (HPSS) working directly with the affordable housing community finding effective and equitable decarbonization solutions for low and middle income housing.
EVENT UPDATE
Save the Dates: Housing Partnership 2023 Special Events

Affordable Housing Expo 2023
Free and Open to the Public
Saturday, June 10
The Graduate Center, CUNY
365 5th Avenue (at 34th Street)
New York, NY 10016

Wine & Jazz Fall 2023
Thursday, November 2
Refinery Rooftop
63 West 38th Street
New York, NY 10018
For sponsorship information, email Pamela Babb
Housing Partnership In the News

Crain’s New York Business
Op-Ed By NYC Housing Partnership CEO Jamie Smarr:
Four Steps to Address The City’s Affordable Housing Crisis
October 6, 2022

Crain’s New York Business
Proposed rules for Local Law 97 leave big questions unanswered
October 12, 2022

North American Clean Energy
Wells Fargo Awards HP Sustainability Solutions Two Grants Totaling $750,000
November 1, 2022

Multifamily Press
Wells Fargo Awards HP Sustainability Solutions Two Grants Totaling $750,000
November 3, 2022

New York Real Estate Journal
Wells Fargo awards $791,275 in grants to HP Sustainability Solutions
December 13, 2022
Subscribe now
to receive the next Housing Partnership Update in your inbox.