Since our December 2013 blog post about the Center for NYC Neighborhoods’ Housing Mobility Program, the program has grown considerably. From January through May 2014, the number of homeowners seeking assistance from the Housing Mobility Program has more than quadrupled. Presently, the program is working with 150 families, many of them seeking to transition from homeownership to affordable rental housing […]
On January 10, 2014, the long-awaited Consumer Financial Protection Bureau (CFPB) mortgage servicing rules went into effect. Advocates and homeowners welcome these necessary protections and are hopeful the new rules will ease confusion for homeowners and advocates pursuing loss mitigation options. The new rules will mean fewer homeowners needlessly placed into foreclosure and greater assistance […]
As New York City homeowners continue the costly recovery from Hurricane Sandy, The Center remains committed to delivering resources to assist those most in need. For New Yorkers who are having difficulty with their mortgage payments, the Mortgage Assistance Program (MAP) is one potential source of financial assistance. MAP makes loans of up to $25,000 […]
New York recently enacted a transfer-on-death law that went into effect July 19, 2024 as part of Governor Hochul’s Heirs Property Protection and Deed Theft Prevention Act. This important estate planning tool – known as a TOD Deed – allows heirs to avoid court and begin exercising their rights as a homeowner immediately upon the […]
As New York City continues to grapple with skyrocketing rents and shrinking supply of affordable properties, policymakers should look to existing vacant homes. In this category of vacant homes are 1) pied-á-terre homes, vacant homes that are empty due to speculation, typically in affluent neighborhoods and 2) zombie properties that have been abandoned due to […]
Fireside Chat The Forum 3:15 – 3:55PM Please join Commissioner of New York City’s Department of Housing Preservation & Development, Adolfo Carrión Jr, in a fireside chat with Queens Borough President Donovan Richards. In this wide-ranging discussion, they will discuss their vision for homeownership in New York City, discussing current barriers, innovative solutions, and best […]
Protecting Homeowners Assets HUB 1 2:15 – 3:00PM With a home being both a huge investment and a source of intergenerational wealth, especially in BIPOC communities, it is important for homeowners to have the knowledge and resources to protect their assets from the rise in scams, deed theft, and more. What are the barriers that […]
Affordability vs. Wealth Building – Exploring New Models of Homeownership The Forum 1:15 – 2:00PM How do those of us who care about racial equity, wealth-building, and maintaining affordable homeownership navigate and balance the tensions between those goals? How can new models of homeownership – like CLTs and other collective housing options – thrive in […]
Serving Communities through the Law HUB 2 11:30AM – 12:15PM Thanks to the tireless work of advocates and experts working in coalition, NYS’ homeowners have seen some policy advances at the state level, including the Foreclosure Abuse Prevention Act, but that enactment itself has spawned litigation as the lending industry challenges the constitutionality of that […]
A senior citizen on disability who had twice been a victim of deed theft. A first-generation immigrant in South Brooklyn facing foreclosure on their family-home after falling behind on his mortgage payments. A group of tenants on a rent strike after realizing that their original landlord was a victim of deed theft and they were […]