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CRAINSNEWYORK.COM
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APRIL 24, 2023
POLITICS
How New York’s most ambitious housing agenda in years fell apart Essential proposals, ranging from growth mandates to “good cause” eviction, appear to be dead BY EDDIE SMALL AND NICK GARBER GOVERNOROFFICE/FLICKR
F ASSEMBLYWOMAN Rosenthal believes that there is plenty of luxury and market-rate housing being built, but what we need is affordability.
or a while in late 2022 and early 2023, it seemed like the stars had aligned for a major new housing push in New York. The City Council passed a series of high-profile developments, followed shortly after by Mayor Eric Adams announcing his moonshot goal of building 500,000 more homes in the city over the next decade. Then Gov. Kathy Hochul proposed building 800,000 new homes statewide in the next 10
years, unifying the political muscle of the mayor and the governor behind the same cause. But the outlook seems much dimmer now as the state continues to slog through a budget process that has already been delayed several times. Key components of Hochul’s plan—namely 3% housing growth targets every three years in the suburbs and the state’s power to override local zoning laws—appear to be dead, as do the tenant protections and construction incentives that many assumed
See HOUSING on page 19
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would make it into the budget in some form. News then broke on Thursday that housing initiatives may be omitted entirely from the state budget, imperiling not only Hochul’s mandates but also tenant protections and a slew of other reforms. Although negotiations are ongoing and last-minute changes remain a possibility, it seems extremely unlikely that the bulk of the governor’s plan, dubbed the New York Housing Compact, will emerge
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