Enterprise has released a new report showing the impact of long lease-up times on affordable housing in New York. Utilizing Enterprise data, we found that it typically takes over 14 months for affordable buildings to reach occupancy, with total lease-up times and median delays far exceeding the national average. While city agencies have taken steps to reduce bureaucracy, more action is needed.
Our report details how the city can streamline its HousingConnect, homeless referral and CityFHEPS processes, bringing relief to both tenants and landlords. Amid an affordability and homelessness crisis, and a time of serious financial distress for affordable housing properties, these reforms aren’t optional—they’re essential.
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- Report