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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.
- ◦Policy/Gov't

