The New York legislative session has concluded for the year without the adoption of an extensive package of housing proposals.
State Senate and Assembly leaders had aimed to extend the New York City 421a affordable housing tax incentive and introduce eviction restrictions.
Despite efforts, the housing package failed to secure the backing of Governor Kathy Hochul, according to Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie.
In response, Governor Hochul’s communications director Julie Wood indicated that the Legislature failed to pass any housing package for the governor’s review.
Wood suggested that Governor Hochul may take executive action to address the housing crisis. Earlier this year, Hochul had advocated for expanding housing in New York, proposing measures such as state overriding local zoning for specific projects. However, these proposals did not find favor with suburban officials and were not included in the final budget agreement last month.
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