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NY Gov. Announces Sweeping Housing Initiative

It extends the deadline to finish 421a projects and includes a good-cause eviction clause.

Gov. Kathy Hochul announced at a press conference on Monday the “parameters of a conceptual agreement” with legislative leaders on housing initiatives that will be included in the $237B state budget, which is expected to come to a vote by the end of the week.

However, while Hochul called the broad outlines—and few specifics—she revealed on Monday a “landmark” agreement, several state legislators cautioned that the package is still being negotiated and some elements could change.

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Jack Rogers

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