In 2017, the HFA had operating expenses of $368.76 million, an outstanding debt of $16.780 billion, and a staffing level of 263 people.
[7] In 2017, the Housing Trust Fund Corporation had operating expenses of $2.835 billion and a staffing level of 219 people.
[10] HFA’s subsidiary, the New York State Affordable Housing Corporation (AHC), administers the Affordable Home Ownership Development Program (AHOD Program) to promote homeownership by low- and moderate-income households.
Using resources appropriated by the State Legislature, AHC awards grants to local governments, nonprofits and charitable organizations to subsidize the cost of newly constructed homes and the cost of renovating existing housing.
The compensation for its staff exceeds its listed operating expenses by just under $4 million in the 2018 New York State Authorities Budget Office report.