Eric Yoo

He has expressed general support for housing-related tax incentives but has stopped short of committing to specific expansions or improvements. 

Reports that HUD may cut its workforce by 50 percent have sparked growing concern among lawmakers, housing advocates, and HUD employees.

Automatically including all Flex Card benefits as income can lead to certifications that exceed the maximum income limit.

Many New Yorkers are displaced each year due to fires, often spending months waiting for their homes to be repaired. A recent bill introduced by State Senate Deputy Majority Leader Michael Gianaris aims to address any delays caused by owners who are slow to make repairs. The bill would require owners found at fault for fires to cover their tenants’ rent until they can return home.

Some owners may have mistakenly included all flex card benefits as income, possibly leading to income certifications that may have exceeded the maximum income limit.

The low-income housing goal remains at 61% of financed units but raises the very low-income housing goal from 12% to 14%.