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Gov. Kathy Hochul signed legislation June 7 to facilitate conversion of underutilized Class B hotels into affordable housing

Hochul Signs Legislation to Convert Underused Hotels to Housing 

New York Gov. Kathy Hochul on Tuesday signed new legislation (S.4937C/A.6262B) to create more flexible rules for converting underutilized hotel space into permanent housing. Hochul signed the bills—aimed primarily at New York City—with State Sen. Brian Kavanagh, New York City Mayor Eric Adams, and housing and labor advocates. 

“This new law allows us to tackle the affordability crisis head-on and convert empty, underutilized spaces into homes,” said Hochul. 

The new law authorizes Class B hotels that are located in or within 400 feet of districts that permit residential use and meet certain criteria to use their existing certificates of occupancy to operate as permanent residential spaces. The new bill further allows such hotels to provide permanent housing if they enter into an agreement with the city or if they receive state financing through the Housing Our Neighbors with Dignity Act.

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Gov. Hochul's office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

  • ◦Policy/Gov't
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