The clock is ticking on whether Gov. Kathy Hochul will be able to persuade the New York State Legislature to adopt the key proposals of her ambitious housing agenda—or any of her housing plans—in the face of fierce opposition from NYC's suburbs.
The battle royale in Albany over the state budget has already rolled through the April 1 deadline to finalize the Empire State's fiscal blueprint, but key state legislators are signaling they may not agree to extend the negotiations through Monday, as Hochul as requested.
What Hochul is calling the New York Housing Compact aims to add 800,000 units to NY's residential inventory over the next decade by requiring NYC and its suburbs—as well as upstate cities including Buffalo and Rochester—to increase housing by 3% over three years.
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