VELAZQUEZ, SCHUMER ANNOUNCE, AFTER PUSH: THOUSANDS OF NYC HOUSING TENANTS WILL BE EXEMPT FROM HUD RULE PLAN WOULD HAVE RAISED RENT COSTS FOR THOUSANDS; NOW, METRO AREAS LIKE NYC CAN BREATHE SIGH OF RELIEF WITH ‘SAMFR’ AXED FOR CITY; NO ONE WILL BE FORCED TO MOVE FROM NEIGHBORHOODS THEY LOVE

New York – November 16, 2016 – (RealEstateRama) — Earlier This Year, Velázquez & Schumer Urged HUD to Revise ‘Small Area Fair Market Rent Rule’ & Work With Affordable Housing Community in NYC

Lawmakers Announce: HUD’s Revised Rule Will Make Any Metro Area–With Vacancy Rate of 4 Percent or Lower—Exempt from SAFMR Rule; New York City’s Vacancy Rate is 3.45 Percent; Big Win For City & Working Families

Senator Chuck Schumer
Senator Chuck Schumer

New York City– U.S. Rep. Nydia M. Velázquez (D-NY) and Senator Charles E. Schumer (D-NY) announced that, after their push earlier this year, the U.S. Department of Housing and Urban Development (HUD) will be exempting New York City from the agency’s new Small Area Fair Market Rent (SAMFR) rule for Section 8 voucher holders. Under HUD’s original proposal, New York City housing experts estimated that rental assistance payments under the Section 8 program would decrease for more than 55,000 voucher holders across New York City. Under HUD’s revision of the rule, metropolitan areas with a vacancy rate of 4 percent or lower will be exempted, including New York City which has a vacancy rate of 3.45 percent.

“This plan was a terrible fit for New York City all along and I am pleased we worked with the Secretary to find a solution,” Velázquez said. “More New Yorkers are going to be able to stay in their homes because of this exemption and that’s no small victory for working families in our City.”

“There’s no place like home, and today’s win will keep it that way for thousands of New Yorkers,” said U.S. Senator Charles Schumer. “Under HUD’s revised rule, thousands of working families can now breathe a sigh of a relief because New York City will be exempt from a rule that really made no sense here, a rule that could have raised rent costs and displaced people who loved their neighborhoods. In a place like New York City, where the vacancy rate is below 4 percent, the outcome of the SAFMR rule could have been detrimental. I am pleased that HUD heeded the call by going back to the drawing board and hammering out a new plan that works for our tenants, families and seniors, as well as the affordable housing community.”

In August, Schumer and Velázquez led the New York City delegation in writing to the Department calling for fixes to the new “market rate” system of distributing vouchers that the agency was developing. In their letter, the two argued that the plan would have a devastating outcome for New York City.

You can find the original letter online here:https://velazquez.house.gov/media-center/press-releases/velazquez-schumer-question-section-8-changes

SHARE
Senator Charles Schumer

U.S. Senator Charles “Chuck” Ellis Schumer has dedicated his career to protecting the middle class and helping those working to reach it. Though he has become a leader in finding common sense solutions to national issues, Chuck has built a reputation as a tireless fighter for New York, visiting all 62 counties every year and talking to constituents in every corner of our state.

Contact:

Phone: (518) 431-4070
Fax: (518) 431-4076

Previous articleSCHUMER PUSHES TO SECURE OVER $3 MILLION IN HOUSING & HISTORIC TAX CREDITS TO FINALLY REDEVELOP OLD HOLLEY HIGH SCHOOL IN ORLEANS COUNTY; SAVING & REDEVELOPING LONG ABANDONED BUILDING HAS BEEN SOUGHT FOR DECADES; FED INVESTMENT WOULD CREATE NEW 41 MIXED-INCOME APARTMENTS FOR SENIORS, NEW VILLAGE HALL OFFICE AND A FULLY RESTORED AUDITORIUM FOR PUBLIC EVENTS
Next articleNew York State, Rochester’s Cornerstone Group and Local Partners Celebrate Groundbreaking for $11.8 Million Affordable Housing Development in Monroe County