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PUBLIC TESTIMONY
Testimony by Tonya Ores, CEO of Neighborhood Housing Services of New York City
5:22:35
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121 sec
Tonya Ores, CEO of Neighborhood Housing Services of New York City, testified about the organization's work in promoting affordable homeownership and financial stability for low and moderate-income New Yorkers. She requested $3 million in additional funding from the City Council to launch a new Home Repair Gap Program.
- NHS NYC serves over 50,000 clients annually across the five boroughs, offering services such as homeownership education, foreclosure prevention, and affordable financing.
- The proposed Home Repair Gap Program would provide forgivable loans up to $30,000 for homeowners earning up to 120% of the area median income.
- The program aims to address unmet needs in existing home repair programs and would be delivered in collaboration with NHS partners in Brooklyn, Queens, the Bronx, and Jamaica.
Tonya Ores
5:22:35
Good afternoon.
5:22:36
My name is Tanya Aras.
5:22:38
I'm the new CEO for Neighborhood Housing Services of New York City.
5:22:43
I'm here on behalf of NHS of New York City, which is a nonprofit citywide organization, but we're also here on behalf of all of the NHS's, NHS Brooklyn, NHS Queens, NHS in The Bronx, and we're serving the Staten Island area.
5:23:00
NHS New York City has forty three years of experience promoting and preserving affordable homeownership and financial stability to low and moderate income New Yorkers.
5:23:09
We reach more than 50,000 clients each year across the five boroughs.
5:23:14
We provide home ownership education, foreclosure prevention, affordable financing, and repair loans, and assist and grants.
5:23:22
Would like to take the opportunity to highlight the need for an additional $3,000,000 from the City Council to launch NHSNYC Home Repair Gap Program.
5:23:33
The existing home repair program don't fully meet the need of low and moderate income homeowners.
5:23:38
When we have had repair funding in the past from the City Council, we have been lucky if we're able to help one of 10 homeowners who are on our waiting list.
5:23:49
We need flexible supportive resources that fill gaps that other repair programs don't meet, certain homeowners need or don't have sufficient funding.
5:24:01
This new program will provide forgivable loans up to $30,000 for homeowners who earn up to a 20% of area median income.
5:24:10
NHS NYC will deliver this program in collaboration with its nonprofit partners at NHS Brooklyn, NHS Queens, NHS the Bronx, and NHS Jamaica, all of which have long standing experience helping homeowners in with their needs alongside other complementary housing and community service.
5:24:30
We thank you for your support and hopefully we'll be able to receive this funding.
5:24:35
Thank you.