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PUBLIC TESTIMONY
Testimony by Kevin Wolfe, Deputy Director of Advocacy at Center for New York City Neighborhoods
5:11:24
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101 sec
Kevin Wolfe from the Center for New York City Neighborhoods presents testimony on two main priorities for the fiscal year budget: continued support for foreclosure prevention and estate planning initiatives. He also advocates for codifying the mayor's promise of $40 million in relief for homeowners in light of the City of Yes passage.
- Requests $6,200,000 for foreclosure prevention and $1,000,000 for the estate planning initiative
- Emphasizes the importance of preserving homeownership, especially with the passing of City of Yes
- Calls for legislation to codify the mayor's promised $40 million support for homeowners to ensure the commitment is kept beyond the upcoming election
Kevin Wolfe
5:11:24
Great.
5:11:25
My name is Kevin Wolf, and I am, the deputy director of advocacy at the Center for New York City Neighborhoods.
5:11:32
Thank you for this opportunity, to for listening to my testimony.
5:11:38
The Center for New York City Neighborhoods is the largest homeowner service organization in New York City.
5:11:43
And for this fiscal year budget, we have two priorities that we wanted to communicate to the council.
5:11:50
First, we wanted to advocate for continued support for the foreclosure and prevention initiative.
5:11:58
We are asking, for $6,200,000 to support, foreclosure prevention.
5:12:05
The, on the other piece, we would like the council to extend, the estate planning initiative at $1,000,000 We see in New York City, both foreclosure prevention and estate planning are critical, to preserving the homeownership that we have, especially in light of the city of YES passing.
5:12:23
The other item that we are advocating for is to codify the mayor's promise us, $40,000,000 of, relief, and support for homeowners, with the city of yes, passage, in the city for all proposal.
5:12:38
We would like to see that codified in legislation.
5:12:41
We know that there is an upcoming election and we want to make sure that the promises that were made in 2025, are kept in, 2026.
5:12:52
We have, an extensive testimony that, we will be submitting by email, with further details, but we wanted, those key, two key points to be emphasized.
5:13:01
And I thank you, for taking the opportunity, to listening, today.