Governor announces numerous housing initiatives

During the State of the State address on January 14th, Governor Kathy Hochul announced a number of new initiatives designed to promote affordable homeownership, among these proposals are:

Create a Pro-Housing Supply Infrastructure Fund    

Provide Communities Technical Assistance to Be Pro-Housing  

Streamline Environmental Review for Modest Housing Development  

Mixed-Income Revolving Loan Fund

Double New York State Low Income Housing Credits

Unlock Historic Tax Credits by Decoupling and Expanding Eligibility

Empower Communities to Redevelop Vacant Properties into Housing

Ban Collusion Using of Algorithm-Enabled Rent Price Fixing  

Expand Capital to Maintain and Improve Supportive Housing 

Increase Funding for Supportive Housing

Extend Security Deposit Protections to Rent-Regulated Tenants

Help Affordable Housing Access Captive Insurance to Lower Costs