Preserving Affordable Housing Is Missing From New York’s New Budget

Gov. Kathy Hochul rightly noted in her January State of the State address that the lack of affordable housing is one of the biggest drivers behind people leaving New York.

With the governor’s clarion call to get something done, coupled with the fact that the affordable housing crisis has only worsened since the last budget cycle when lawmakers rejected her proposals to address it, our industry was optimistic that this year’s budget talks would finally yield a solution. More…

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