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…