“Today, Governor Hochul reiterated that in order to make New York more affordable, we need to build more homes in every corner of the state. To reach the goal of 800,000 new housing units over the next decade, Governor Hochul is working with local governments to achieve modest housing growth targets, supporting environmentally-friendly housing near transit, and contributing to statewide infrastructure needs in her FY24 budget. New York Neighbors - the first statewide pro-homes coalition in New York – applauds this novel dedication of funding to assist municipalities with the approach they choose to implement to increase their housing supply. The Housing Compact is the first statewide policy framework to address New York’s affordability crisis – a statewide problem that necessitates statewide solutions, as the Governor’s fiscal budget outline reaffirms.”
Additional background
New York Neighbors is a statewide, pro-homes coalition supporting a menu of options to increase housing supply and create more affordable homes to tackle the state’s debilitating housing shortage and support our economy.