NY/NY III Status Report
Presentation to the Network Board
By Nicole Branca
Supportive Housing Network of New York
November 18, 2009
Updated 1.11.10
NY/NY III Capital
Commitment




NYC HPD:
NYS DHCR:
NYS OTDA:
NYS OMH:
3,125 Units
1,000 Units
1,000 Units
1,125 Units
6,250 Units
+ 2,750 Scattered Site Units
9,000 Total Units
Capital Development at only
35% of Target
Methodology: Units are weighted by percentage of funding from
each agency.

Units include projects in construction and expected to open by end
of NYC FY’11

Total Units
at Year 5
5-Year
Target
% Complete
10-Year
Commitment
% Complete
HPD
595
1,399
42%
3,125
19%
DHCR
153
504
30%
1,000
15%
OTDA
141
504
28%
1,000
14%
OMH
149
567
26%
1,125
13%
Total
1,038
2,974
35%
6,250
17%
Agency
Assumptions for Following
Analysis

Per Unit Rate = $275,000

Inflation Factor = 3%

Avg. price of tax credits FY11-15 = $.84

All funding needs to be expended by FY15 to open by the end of FY16.

HPD allocates 60% of its funding for supportive housing units, 40% for
low-income. Budget projections include CTL, HOME and LIHTC equity.
FY11 & FY12 include remaining High Service Need units.

OTDA allocates 55% of their supportive housing funding for NY/NY III,
DHCR allocates 50%, and OMH has it’s own NY/NY III budget.

DHCR funding allocation based on 2008 supportive housing allocation
(subsidy, HOME and LIHTC equity). HPD, OTDA and OMH funding
levels taken from OMB and DOB capital plan documents.
HPD is 57% Behind Schedule
NYC HPD is 57% Behind Schedule
1600
1400
1399
1200
1000
975
800
600
400
200
0
650
595
400
344
174
170
8
FY'07
83
FY'08
FY'09
HPD - Planned
FY'10
HPD - Actual
FY'11
HPD needs $200 million/year to
meet their commitment

HPD will open 595 units by end of FY11.

HPD will have funded an estimated 938 units by
end of FY10.

At their current budget level ($98.5 million) it
would take HPD an additional 6 years (16 years in
total) to complete their remaining 2,187 units.

To meet their 10-Year commitment (using the
60/40 model) HPD SHLP needs a total budget of
$200 million/year.*
* Excluding funding needed for any prior City/State agreements.
OTDA is 72% Behind Schedule
NYS OTDA is 72% Behind Schedule
1600
1400
1200
1000
800
600
400
200
0
32
3
FY'07
80
26
FY'08
OTDA - Planned
176
53
FY'09
OTDA - Actual
384
504
79
141
FY'10
FY'11
OTDA needs $90 million/year
to meet their commitment

OTDA will open 141 units by end of FY11.

OTDA will have funded an estimated 188 units by
end of FY10.

At their current budget level ($30 million) it would
take OTDA an additional 12 years (22 years in
total) to complete their remaining 812 units.

To meet their 10-Year commitment (and not at the
expense of statewide needs) OTDA needs $90
million/year.
DHCR is 70% Behind Schedule
NYS DHCR is 70% Behind Schedule
1600
1400
1200
1000
800
600
400
200
0
384
32
14
FY'07
80
176
14
FY'08
45
FY'09
DHCR - Planned
102
FY'10
DHCR - Actual
504
153
FY'11
DHCR needs $92 million/year
to meet their commitment

DHCR will open 153 units by end of FY11.

DHCR will have funded 243 units by end of FY10.

At their current budget level ($43.1 million) it
would take DHCR an additional 6 years (16 years
in total) to complete their remaining 757 units.

To meet their 10-Year commitment (and not at the
expense of statewide needs) DHCR needs to
allocate $92 million/year from their Unified
Funding.
OMH is 74% Behind Schedule
NYS OMH is 74% Behind Schedule
1600
1400
1200
1000
800
600
400
200
0
36
0
FY'07
90
0
FY'08
OMH - Planned
432
567
45
149
198
45
FY'09
FY'10
OMH - Actual
FY'11
OMH has sufficient funding but needs to
increase construction starts from an average
of 67 units/year to 158 units/year*

By the end of FY10, OMH will have
approximately 334 funded NY/NYIII units open
or in construction but the agency has dozens of
buildings in the pipeline.

To meet their 10-Year commitment OMH
needs to start construction on 158 NY/NY III
units per year starting in FY11. This will cost
the state an estimated $47.5 million/year.
* OMH is the only state agency that was allocated additional capital funding for NY/NY III. The agency had
$194 million in the FY’10 budget, enough funding for most of the remaining units.