New York State Nears Deal on Housing Package Amid Criticism

Gov. Kathy Hochul and Democratic lawmakers are nearing a deal on a broad legislative package meant to boost housing production and provide renters with some new safeguards against eviction, which would clearBut the framework presented to lawmakers on Friday is encountering sharp criticism from advocates for stronger statewide tenant protections and landlord groups demanding changes to New York City’s current rent stabilization rules.

Assembly Speaker Carl Heastie told Gothamist on Friday that members supported parts of the package, but there were “some things they raised good questions on.” The pending housing deal comes after more than a year of intermittent negotiations between Hochul and legislative leaders, who all agreed that the state is facing a housing crisis that requires action but have struggled to reach a consensus on how to address it.

In New York City, less than 1% of apartments priced below $2,400 were vacant and available for rent last year, accordingMayor Eric Adams and city officials have been urging state leaders to pass measures intended to boost new housing construction, especially the tax break for residential developers.

But the plan floated on Friday is facing heavy criticism from tenant groups seeking stronger protections against eviction and dramatic rent increases. The agreement described on Friday includes a 30-year exemption for newly constructed buildings and a possible exemption for smaller property owners. The plan would also exclude units priced aboveThe package lacks several other goals sought by tenant and homeowner advocates, like a measure allowing New York City to set rules

New York Housing Legislation Eviction Tenant Protections Rent Stabilization Tax Break Good Cause Eviction Floor-Area Ratio Cap Density Rent-Regulated Buildings Improvements Negotiations

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