On Friday, May 20th, 2016, the New York City Water Board approved the lowest rate increase in 16 years, but the big news for affordable housing is that they also created a credit of $250 per apartment for affordable multifamily housing. The New Multi-Family Water Assistance Program will provide a total of $10 million of assistance to properties serving as many as 40,000 units.
On April 8th, the Department of Environmental Protection (DEP) proposed a 2.1% increase to the NYC Water Board as well as a new program with a preferential rate for affordable housing projects. UNHP, a long-time advocate for water and sewer rate reform, called for an Affordable Housing Cap Rate last year at the Water Board public hearings and is pleased the DEP has proposed a special program and looks forward to the program rolling out in July.
UNHP assisted 1,368 households file their taxes for free this year. 2016 was our 9th tax season and one of the great privileges of offering this service has been able to work with people over the years. Meet three of our returning clients, Nicole, Elle and Patricia.
5 week course covering various financial worries, meets 1 day a week. Call for upcoming dates!