2004 Yellow Book
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DIVISION OF HOUSING AND COMMUNITY RENEWAL (Summary)
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Adjusted
Appropriation
2003-04 		Executive
Request
2004-05 		Change Percent
Change

AGENCY SUMMARY

General Fund 82,392,500 73,181,000 (9,211,500) -11.2%
Special Revenue-Other 59,001,000 61,343,000 2,342,000 4.0%
Special Revenue-Federal 101,150,000 101,150,000 0 0.0%
Housing Program Fund 74,200,000 74,200,000 0 0.0%

Total for AGENCY SUMMARY: 316,743,500 309,874,000 (6,869,500) -2.2%

 
ALL FUNDS PERSONNEL
BUDGETED FILL LEVELS
Fund Current
2003-04 		Requested
2004-05 		Change

General Fund: 335 335 0
All Other Funds: 600 600 0

TOTAL: 935 935 0
Budget Highlights

The Division of Housing and Community Renewal (DHCR) supervises, maintains and develops affordable housing for New York State residents. This is accomplished by providing construction and rehabilitation loans and grants, administering rent control, rent stabilization and rent subsidy programs and supervising management of State assisted housing stock.

The Division is included in the Transportation, Economic Development, and Environmental Conservation appropriation bill.

The Executive recommends an All Funds appropriation of $309,874,000, a decrease of $6,869,500 or 2.2 percent from State Fiscal Year (SFY) 2003-04.

State Operations

The Executive proposes an appropriation for State Operations of $88,020,000, an increase of $2,542,000 over SFY 2003-04 levels.

The changes in State Operations appropriations are related to the following:

  • a Special Revenue Fund Other increase in the Rent Administration Program of $2,097,000 for fringe and indirect costs and rent escalations;

  • a Special Revenue Fund Other increase in the Housing Program of $245,000 for fringe benefits; and

  • a General Fund increase in the Housing Information Systems Program of $200,000 for contractual costs.

Aid To Localities

The Executive recommends an Aid to Localities appropriation of $147,654,000, a decrease of $9,411,500 or six percent from SFY 2003-04.

The Executive recommends the following decreases in General Fund appropriations:

  • $4,966,500 for the Neighborhood Preservation Program;

  • $2,345,000 for the Rural Preservation Program;

  • $1,600,000 for the Periodic Subsides-Local Areas Program, which represents a decline in debt service payments to Public Housing Authorities; and

  • $500,000 for the Rural Rental Assistance Program.

The Executive appropriates $58,000,000 in Special Revenue Fund-Federal for the Small Cities Community Development Block Grant Program, which is maintained at the SFY 2003- 04 funding level.

The Executive also recommends $2,000,000 for the Low Income Housing Tax Credit Program.

Capital Projects

The Executive recommends Capital Projects appropriations of $74,200,000, reflecting no change from SFY 2003-04. This appropriation includes:

  • $29,000,000 for the Low Income Housing Trust Fund;
  • $25,000,000 for the Affordable Housing Corporation;
  • $12,800,000 for the Public Housing Modernization Program;
  • $7,000,000 for the Homes for Working Families Program; and
  • $400,000 for the Housing Opportunity Program for the Elderly.

Article VII

The Executive proposes legislation to increase the Service Contract Obligation Revenue (SCOR) bond cap by $100,000,000 in order to provide the bonding authority necessary to reimburse housing programs.

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