Field Updates

A record number of REALTORS® attended this year’s NYSAR Lobby Day in Albany on Tuesday, May 2, 2023.

Late Wednesday, state lawmakers approved a $229 billion state budget, nearly a month after the April 1 deadline.

Following passage of NYC Local Law 154 of 2021, the construction of certain new buildings in NYC will not be allowed to utilize fossil fuel burning systems.

On April 26, NAR sent a letter to the Federal Housing Finance Agency (FHFA) urging for the elimination of recently announced increases in upfront fees

Under the recently announced state budget agreement announced by Gov. Hochul, New York will require new buildings to be zero-emissions starting in 2026

Gov. Kathy Hochul announced late Thursday that she and Democratic leaders of the state Legislature reached a “conceptual agreement” on a $229 billion state budget

This week, NSYAR met with state lawmakers and staff advocating for introducing and advancing priority legislation, including bills that would help first-time homebuyers

REALTORS® are invited to attend virtually NYSAR’s Pre-Lobby Day Issues Briefing Live Zoom on Friday, April 28 at 11 AM.

Reporting has indicated that major housing policy is being removed from state budget negotiations as Gov. Kathy Hochul and state lawmakers have failed to come to an agreement

This week, NYSAR staff met with Sen. James Sanders’ office (D-Queens) to discuss advancing NYSAR-supported coop fairness and transparency legislation

Housing appears to have become the top budget issue being negotiated between Gov. Kathy Hochul and the state Legislature surpassing bail reform talks

Following NYSAR advocacy efforts, NYC Council Member Marjorie Velazquez has introduced a NYSAR-supported bill (Int. 1002) that would combat illegal discrimination

Legislation to impose “good cause” eviction, which would cap annual rent increases on non-owner-occupied apartments under 4 units to 3% or lower

NAR recently announced the creation of the  Housing Solutions Coalition, which NAR is a founding member of.

Governor Kathy Hochul indicated she may issue a second budget extender as the initial budget extension deadline of April 10 approaches.

Disagreements over changes to New York's controversial bail law and “good cause” eviction as well as how to expand housing in the state are fueling what is expected to result

New York has finalized a list of disadvantaged communities that are mandated to receive at least 35% of the total statewide spending on clean and energy efficiency programs

Gov. Kathy Hochul and state lawmakers appear to be aligned on new measures to phase out fossil fuel combustion equipment – furnaces, water heaters, dryers and stoves – in new homes

The state Senate and Assembly released their respective one-house budget proposals on Tuesday signaling the Legislature’s response to Gov. Kathy Hochul’s initial Executive Budget proposal released

As policymakers continue to negotiate decarbonization in New York, they have so far declined to outline in detail the costs to individual households and ratepayers