Tag: housing-crisis

Gov. Hochul says 71,000 new apartments in pipeline thanks to extension of 421-a deadline

kathy hochul 421-a announcement

Oct. 16, 2024 By Adam Daly Gov. Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the pipeline, including…

‘Education is key’: housing leaders spread knowledge, empowerment in East New York

Jul. 13, 2023 By Isabel Song Beer

In East New York, where more than one-third of residents pay 50% or more of their income in rent and the poverty rate is nearly 30%, some residents and community activists were disappointed when Albany failed to pass what they called “meaningful housing reform laws” in the most recent legislative session.