MORE TO EXPLORE: Housing

DETERMINING THE REAL COST OF HOMELESSNESS

Client
SUPPORTIVE HOUSING NETWORK OF NEW YORK
Faculty
Erin Connell
Team
Barry Carmody, Nicole Horn, David Immerman

The Supportive Housing Network of New York (SHNNY) promotes supportive housing development by providing policy analysis, advocacy, and assistance to organizations managing supportive housing units across the state. With advocacy being central to SHNNY’s work in securing funding at the local, state, and federal levels, the organization enlisted a Capstone team to help determine costs associated with homelessness. The team calculated the real per-day costs of different settings and contexts that homeless individuals engage with in the absence of supportive housing. The team consulted with various experts in the field and reviewed a variety of prior research, financial reports, and local government budgets to create a series of cost estimates in five New York cities: Albany, Buffalo, New York City, Rochester, and Syracuse. The team’s findings and estimates illustrate the high cost of a lack of investment in permanent supportive housing and inform SHNNY’s future engagement with policymakers, media, other stakeholders, and the general public.

Areas Of Impact
Capstone Year

EXAMINING THE IMPACT OF THE NYS EVICTION MORATORIUM ON COVID-19 INFECTIONS

Client
EVICTION MORATORIUM AND COVID-19
Faculty
Ali Ahmed & Kristina Arakelyan
Team
Alexa DeAngelis, Andy Goldstein, Daniela Moreira, Isaiah Williams

On March 20, 2020, New York State Governor Andrew Cuomo announced a statewide moratorium on both residential and commercial evictions to mitigate the spread of COVID-19 by ensuring people could remain in their homes and not face displacement. The Capstone team examined the effectiveness of the eviction moratorium in mitigating the spread of the virus in NYC by using publicly available data on the city’s evictions and COVID-19 cases. The team conducted difference-in-difference analyses to estimate the impact of the eviction moratorium on COVID-19 cases and the role of New York State’s Emergency Rental Assistance Program and other social safety net initiatives. The initial results showed that the moratorium, post ERAP start date, had significant effects in slowing the rate of new COVID-19 cases, overall hospitalizations, and deaths. The team’s final report details its findings and conclusions, as well as possible policy implications for how local, state, and federal governments can prepare and address future public health crises.

Areas Of Impact
Capstone Year

ANALYZING THE IMPACT OF MARKET VOLATILITY ON SUPPORTIVE HOUSING OPERATIONS IN NYC

Client
SERVICES FOR THE UNDERSERVED
Faculty
Michael Dardia
Team
Sam Berzok, Tong Li, Baktiarman Ramadhan

Services for the UnderServed (S:US) is a NYC-based nonprofit organization that provides housing, employment, skill-building, and rehabilitation services to transform the lives of people with disabilities, people in poverty, and those experiencing homelessness. With the onset of the COVID-19 pandemic, S:US became interested in analyzing the cash flow of its housing services to understand the impact of market volatility on its operations. The Capstone team used rent rolls, vacancy reports, and audits to conduct a financial analysis of thirteen supportive housing buildings, including one homeless shelter, owned and operated by S:US. Using this data, the team performed income-expense and cash collection analyses against the NYC industry benchmark established by the Housing Development Corporation to evaluate cash flow performance. The team integrated its findings into operational recommendations that would improve net operating income without sacrificing the client’s mission of making housing affordable and available to all.

Areas Of Impact
Capstone Year

ASSESSING COMMERCIAL NEEDS IN CENTRAL BROOKLYN

Client
IMPACCT BROOKLYN
Faculty
Elizabeth Angeles
Team
Rebecca Barilla, Abraham Onifade, Frances Urroz, Karen Wang

Pratt Area Community Council, also known as IMPACCT Brooklyn, is a community development organization committed to promoting affordable housing, tenants’ rights, and economic renewal in Central Brooklyn. IMPACCT Brooklyn enlisted a Capstone team to provide recommendations on the best prospective tenant fit for its mixed-use properties in Bedford-Stuyvesant and Crown Heights, using data informed by community outreach. The team conducted an environmental scan of local, state, and federal small business policies, leasing policy changes resulting from the COVID-19 pandemic, existing local small business types, and opportunities and threats for small businesses in Central Brooklyn. The team then interviewed community stakeholders to obtain their insights into which small business types are best suited to the needs and interests of the community. The project culminated with a set of recommendations for tenant fit that align with the identified needs and opportunities in the study areas.

Areas Of Impact
Capstone Year

Wells Fargo Foundation

Advancing Equity and Efficiency in the Housing Choice Voucher Program: Understanding and Improving Lease-Up Rates and

Stephanie Mavronicolas

Photo
Executive Master of Public Administration-Public Service Leaders2016
VP, Corporate Affairs
NYC Housing Development Corporation

DEVELOPING BEST PRACTICES FOR TENANT ENGAGEMENT AND RIGHTS ADVOCACY

Client
IMPACCT BROOKLYN
Faculty
Elizabeth Angeles
Team
Jesslyn Katherine, Diana Kichler, Lee Sfadya, Adam Stein

IMPACCT Brooklyn, also known as the Pratt Area Community Council, is a community development corporation that owns over 1,000 units of affordable or supportive housing. Since 1964, IMPACCT Brooklyn has advocated for Central Brooklyn residents and entrepreneurs on issues including affordable housing, tenant rights, small businesses, and homeownership. In 2015, the organization contracted out its property management services, resulting in a degree of separation between IMPACCT Brooklyn and its tenants. A team was engaged to conduct external research—on the community district, housing legislation, local and state representatives, and the 2021 NYC Mayoral race—and stakeholder interviews—of staff members, business affiliates, tenant associations, and board members. The team designed a pilot survey for IMPACCT Brooklyn to use to assess its residents’ satisfaction with their housing, awareness of their tenant rights, and wellbeing during the pandemic. The team created a final report containing a toolkit of recommendations for strengthening the organization's tenant engagement and rights advocacy efforts.

Capstone Year