New York State has passed a $237 billion budget, which includes a comprehensive housing package aimed at addressing the housing affordability crisis in NYC. The budget, resulting from extensive negotiations, features housing incentives, zoning changes, limited tenant protections, and mayoral control of the schools. Governor Kathy Hochul highlighted the achievement of a conceptual agreement on this housing plan. However, the package has received mixed reactions, with tenants criticizing it as favorable to developers and landlords expressing their concerns. The NYC Mayor's Office praised the deal, anticipating a housing boom that will tackle affordability issues across neighborhoods.
Albany delivered for New Yorkers, and now we can BUILD MORE HOUSING. A housing boom will fight the affordability crisis hitting every neighborhood, and we can't wait to see construction sites come alive. Thank you to every partner who fought for this. Our city will be even… https://t.co/BpUvYZepke
After years of negotiations, NY has finalized a housing deal. Tenants call it a give away to developers and landlords have their own gripes. @KatieBrenzel and @SuzannahCav break down the deal on the latest Deconstruct. STREAM HERE: https://t.co/QxdIajWVTz https://t.co/B8QBL9u4Rq
ICYMI: @JonCampbellNY talked about what's in and what's out of the just-approved New York State budget, including housing incentives, zoning changes, limited tenant protections, mayoral control of the schools, and more. https://t.co/PFz7eyDNq4
Gov. Kathy Hochul announced last week that NY lawmakers had reached the "parameters of a conceptual agreement" for a housing plan — @KatieBrenzel & Hannah Kramer discuss what those changes include. Watch more: https://t.co/UlS0MBb1ID https://t.co/Re2U028Xl6
Over the weekend NY State passed a $237B budget, with a significant housing package. The housing deal is the result of long negotiations, and like most compromises, it’s not perfect. But it does include important wins that will help address NYC's housing affordability crisis. /1