Housing: Governor Kathy Hochul Changes Course on Mandates Going Into 2024

Governor Kathy Hochul will no longer pursue legislation mandating housing growth targets across New York State when she releases her 2024 agenda in January. The proposal was the centerpiece of her “ New York Housing Compact,” which she first outlined at the start of this year. NYSAR believes that housing policy is still expected to remain part of the governor’s 2024 agenda to support her pledge to build 800,000 new housing units over the next decade, including a push for a replacement to the expired 421-a affordable housing tax abatement program. Learn more here.