NYS Gov. Kathy Hochul announced the state’s affordable housing plan at a press conference with NYC Mayor Eric Adams in Manhattan on Tuesday.
NYS Governor Kathy Hochul announced more details of the state’s long-awaited approved housing plan at a joint press conference with NYC Mayor Eric Adams in Manhattan on Tuesday.— a $237 billion spending plan — that was announced on Saturday, April 20. The plan, an agreement with state lawmakers to combat the ongoing affordable housing shortage in the state,
“Since I became governor, I’ve held a vision to build housing that New Yorkers desperately need, and we’re celebrating this historic agreement that will transform lives and put working families first,” Hochul said. “This housing deal enacts a plan endorsed by unions and a diverse and vibrant coalition of New Yorkers to revolutionize the housing landscape and create the biggest expansion of tenant rights in New York in generations.
“This is such a significant moment, because I tell people all the time that housing is the precursor to seek that allows you to experience the American dream,” NYC Mayor Eric Adams said. “When you have a home, you can plan for the future.” As part of the FY 2025 enacted budget, Governor Hochul has also advanced legislation to prohibit insurance carriers from inquiring about or considering tenants’ source of income, the existence of affordable dwelling units, or the receipt of governmental housing assistance in the decision to issue or continue to provide insurance for residential real property.
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