NYS Seal

ASSEMBLY STANDING COMMITTEE ON HOUSING

NOTICE OF PUBLIC HEARING

SUBJECT:
Housing Development Fund Companies

PURPOSE:
This hearing will examine the creation, oversight, and operation of Housing Development Fund Companies.

New York City
Monday
December 8, 2014
5:00 PM
Conference Room, 8th Floor
State Office Building
163 West 125th Street
New York, NY

New York State law authorizes the creation and support of Housing Development Fund Companies. It was the intention of the Legislature that these entities would become sophisticated and well-developed providers of affordable housing. Affordable housing construction is often funded from multiple sources that take advantage of federal, state, and local housing programs. Navigating these programs, and the construction and operation of the affordable housing development, can be a time-consuming and expensive prospect.

Through this hearing, the Assembly Standing Committee on Housing will focus on the current state of Housing Development Fund Companies and the lessons that can be drawn from those that have experienced success, as well as those that have run into difficulties. Additionally, the hearing will examine the oversight mechanisms in place.

Persons wishing to present pertinent testimony to the Committee at the above hearing should complete and return the enclosed reply form as soon as possible. It is important that the reply form be fully completed and returned so that persons may be notified in the event of emergency postponement or cancellation. There will be limited time for the completion of the hearing, so the Committee may limit the number of individuals able to present testimony.

Oral testimony will be limited to 10 minutes. In preparing the order of witnesses, the Committee will attempt to accommodate individual requests to speak at particular times in view of special circumstances. These requests should be made on the attached reply form or communicated to Committee staff as early as possible.

Ten copies of any prepared testimony should be submitted at the hearing registration desk. The Committee would appreciate advance receipt of prepared statements.

In order to further publicize these hearings, please inform interested parties and organizations of the Committee's interest in receiving written testimony from all sources.

In order to meet the needs of those who may have a disability, the Assembly, in accordance with its policy of non-discrimination on the basis of disability, as well as the 1990 Americans with Disabilities Act (ADA), has made its facilities and services available to all individuals with disabilities. For individuals with disabilities, accommodations will be provided, upon reasonable request, to afford such individuals access and admission to Assembly facilities and activities.

Keith Wright
Member of Assembly
Chair
Committee on Housing



PUBLIC HEARING REPLY FORM

Persons wishing to attend the public hearing on Housing Development Fund Companies are requested to complete this reply form as soon as possible and mail, email or fax it to:

Aubree Heydrick
Committee Assistant
Room 520, Capitol
Albany, New York 12248
Email: heydricka@assembly.state.ny.us
Phone: (518) 455-4928
Fax: (518) 455-5182
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I plan to attend the following public hearing on Housing Development Fund Companies to be conducted by the Assembly Committee on Housing on December 8, 2014.
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I plan to make a public statement at the hearing. My statement will be limited to 10 minutes, and I will answer any questions which may arise. I will provide 10 copies of my prepared statement.
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I will address my remarks to the following subjects:




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I do not plan to attend the above hearing.
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I would like to be added to the Committee's mailing list for notices and reports.
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I would like to be removed from the Committee's mailing list.
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I will require assistance and/or handicapped accessibility information. Please specify the type of assistance required:




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