Make New York’s Housing More Affordable, Equitable, and Stable

Make New York’s Housing More Affordable, Equitable, and Stable

End Homelessness Crisis and Address Inequities in Housing

End Homelessness Crisis and Address Inequities in Housing

Governor Hochul's statewide effort to fight the homelessness crisis and address longstanding inequities in the housing market will establish Safe Options Support (SOS) teams throughout New York City and in targeted regions throughout the state where street homelessness is most widespread, and use public funds to implement initiatives that expand housing access and protect tenants from eviction.

Governor Hochul's housing plan will tackle the systemic inequities that cause housing insecurity and force New Yorkers into homelessness. These initiatives will include:

  • Safe Options Support (SOS) Teams
  • Ending the 421-a tax abatement and establishing a new, more effective program
  • Improving housing access for renters involved in the criminal justice system or with negative credit history
  • Creating an eviction prevention legal assistance program
  • Creating a permanent disaster recovery and resiliency unit for home rebuilding
  • Addressing poverty to prevent homelessness statewide

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Address Housing Affordability Crisis

Address Housing Affordability Crisis

Governor Hochul's sweeping plans to make housing more affordable will initiate a new, $25 billion five-year housing plan to create and preserve 100,000 affordable homes statewide, increase construction of new homes, and tackle inequities in the housing market.

Governor Hochul will implement a comprehensive 5-year plan, $25 billion plan to create and preserve 100,000 affordable homes, including 10,000 homes with support services for vulnerable populations. Governor Hochul's plan would also electrify an additional 50,000 homes as part of the State's plan to electrify 1 million homes and make another 1 million electrification-ready. The comprehensive housing plan will be designed using a four-part framework of economic recovery, social justice, climate action, and digital connectivity.

Governor Hochul will take major steps to construct new housing and increase density in appropriate urban areas, including:

  • Permit accessory dwelling units in single-family neighborhoods
  • Kick-start transit-oriented development
  • Give New York City the authority to encourage densification
  • Ease restrictions on converting hotels and offices to housing

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State of the State Book