April 11, 2017
Tuesday Regulatory & Legislative Roundup
- An article in The New York Times looks at the movement of health care providers who use federal housing and tax programs to prescribe housing along with medications to treat patients. Some hospitals and health care providers have brokered deals with local housing authorities to obtain housing vouchers, while other hospitals have created housing units themselves.
- Governor Andrew Cuomo of New York and state legislators came to an agreement last week on a $153.1 billion state budget for fiscal year of 2018, including $2.5 billion in housing funds for a variety of programs. The budget allocates $1 billion for 6,000 supportive housing units statewide, $125 million for senior housing and $200 million for the New York City Housing Authority (NYCHA).
- Former Federal Housing Finance Agency Acting Director Ed DeMarco joins the Financial Services Roundtable leadership team as FSR’s Housing Policy Council president, effective June 1. DeMarco has a long and extensive history in the housing market, which even landed him as HousingWire Magazine’s Person of the Year in 2012 for his efforts impacting housing policy and the industry landscape.
