The Democratic governor had been promising the move for months after locking heads with Democratic lawmakers.
Make your contribution now and help Gothamist thrive in 2023.Gov. Kathy Hochul took a series of executive actions on Tuesday intended to put a dent in New York’s apartment shortage by rewarding “pro-housing” towns across the state and extending a controversial tax break to developers in Brooklyn’s Gowanus neighborhood.
“It is not just a shortage, it is a crisis. That is one of the number one reasons people leave this state,” Hochul said at a news conference in Gowanus. “Doing nothing is not an option anymore.” The current housing shortage is taking a dramatic toll on New Yorkers, forcing hundreds of thousands of tenants to pay at least half their income on rent, as tens of thousands of people turn to homeless shelters, according to city data..New York state needs roughly 615,000 new apartments priced for “extremely low-income renters” earning less than 30% of the area median income, or about $36,000 for a family of three.
“People worried that the housing projects would be scrapped for good,” Hochul said. “We’re not going to let that happen any longer.”
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