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Hochul Issues Executive Orders to Promote Housing Growth

Gov. Kathy Hochul on Tuesday announced several executive actions to promote housing growth and address New York’s housing crisis, largely driven by a severe housing shortage. The actions include the following:

  • A program to advance residential projects halted by the expiration of 421-A that include affordable housing in the Gowanus neighborhood in Brooklyn;
  • An executive order establishing preference in certain discretionary funding programs for localities across the state that comply with a new “Pro-Housing Community” certification process;
  • A new requirement that all state entities identify the potential for their state-owned lands to support housing;
  • Recent and forthcoming regulatory initiatives to identify opportunities for greater efficiencies to promote housing growth; and
  • The launch of the beta version of a new, interactive portal to collect and share community-level housing and zoning data and information on an ongoing basis.

“These executive actions are an important first step to expand our housing supply and promote housing growth,” said Hochul. “But make no mistake: to fully address the scope of this crisis, we need action from the legislature — and I’m committed to continuing our work on housing in the coming months.”

In a statement, Rafael Cestero, CEO of The Community Preservation Corporation, said Wednesday, “I applaud Governor Hochul for taking decisive action to pull the levers we need to jumpstart development after a sorely disappointing legislative session failed to deliver meaningful results. We can’t provide relief to rent burdened New Yorkers, and we can’t begin to solve our crippling homelessness crisis if we don’t have the tools, incentives, and common sense policies needed to get housing built.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Policy/Gov't
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