Logo

New York state may be about to leave struggling homeowners out in the cold.

A statewide network of roughly 90 nonprofits aiding homeowners will run out of money on March 31, turning away the needy.

Advocacy groups have been sounding the alarm for months, but Gov. Cuomo’s $176 billion executive budget doesn’t replace a funding stream that had come from the 2012 National Mortgage Settlement and other settlements, but ends next month..

Those nonprofits are now calling on the governor to include $20 million for housing counseling and legal services in the final 2019-20 budget.

Since 2007, nearly 30 local nonprofits have worked with 33,600 homeowners, mainly low- and middle-income families and New Yorkers of color, on foreclosure prevention and related services.

Sources say the current funding push has broad support in the state assembly and senate.

The stakes are high for both homeowners and tenants, since many homes at risk of being lost to foreclosure include affordable rental units.

“It’s important that every New Yorker has access to sound advice when purchasing a home or when faced with the possibility of losing one,” said a New York State Division of the Budget spokesman, adding that talks with the attorney general’s office, which has funded these programs in the past, continue.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy