Answer
$$y=-20\quad \mathrm{or}\quad \:y=4$$
Work Step by Step
Since the value inside the absolute value can be positive or negative and get the same number, we must consider both options. Doing this, we find:
$$0.5y+4=-6\quad \mathrm{or}\quad \:0.5y+4=6 \\ y=-20\quad \mathrm{or}\quad \:y=4$$