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New York & Tri-State  + New York  + Finance  | 

Gov. Hochul Launches $650M Housing Growth Program 

Governor Kathy Hochul has introduced the Pro-Housing Communities Program, a statewide initiative aimed at prioritizing localities committed to housing growth for up to $650 million in state discretionary funds.  

As part of a set of executive actions to promote housing growth, the program invites municipalities, including cities, towns, and villages, to apply for Pro-Housing Community certification. These certified communities will receive preference in their applications for specific discretionary funds, including the $650 million State grant programs like the Downtown Revitalization Initiative.  

The initiative’s goal is to address the housing crisis in New York by incentivizing local governments to contribute to increasing housing supply. To attain Pro-Housing Community designation, municipalities need to provide zoning and housing permit data, and those showcasing housing stock growth will qualify for certification. The program seeks to encourage housing development while rewarding communities actively participating in housing solutions. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Policy/Gov't
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