While running for reelection, Gov. Kathy Hochul pledged to jumpstart the construction of 500,000 to 1 million new homes to deal with a housing crisis that stretches from New York City to the suburbs, and even upstate.
But first, in the two months before she’ll lay out her priorities in her State of the State speech and budget plan, she will have to choose from a dizzying list of proposals from Mayor Eric Adams, real estate interests, tenant groups and others. They seek tax breaks, new subsidy programs, changes to override local zoning rules and more.
The Adams administration has already outlined its wish list of possible solutions, in an appearance by chief housing officer Jessica Katz at a Citizens Budget Commission breakfast last month. Insiders say that proposal is no longer viable but that no one knows what the next plan would look like. City Hall declined comment on what specifics they support in a new tax break.
Instead of reinstating 421-a or creating a similar replacement for it, city Comptroller Brad Lander wants the legislature to focus more broadly on resolving inequities in the city’s property tax system, which imposes much higher taxes on rental properties than other kinds of housing. The system also protects homeowners in gentrifying neighborhoods from big increases while overtaxing residents in working-class areas.
Tenant groups meanwhile plan to renew their efforts for an expanded voucher program to provide rental assistance to more tenants and their “Good Cause” eviction bill, which would set strict limits on rent increases across the board.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Judge halts pot dispensary licenses in parts of New York - New York Amsterdam NewsA federal judge has temporarily blocked New York from issuing recreational marijuana dispensary licenses in Brooklyn and parts of upstate New York while a legal challenge to the state’s selection process is being considered.
Consulte Mais informação »
New York Times columnist triggers ‘performative’ AOC, Green New DealBrooks called AOC a “performative” populist and compared her to former President Donald Trump in a column arguing against political extremes.
Consulte Mais informação »
New film 'The Menu' premieres in New York CityThe red carpet was busy Monday night for 'The Menu,' a new film about a restaurant, but this isn't your typical restaurant.
Consulte Mais informação »
‘Campaign season’ kept Kathy Hochul from getting NY aid for $600M migrant tab: Eric AdamsNeither President Biden nor Gov. Kathy Hochul have offered to pick up New York City’s $600 million tab for housing the migrants who’ve flooded in from the southern border — becaus…
Consulte Mais informação »