![]() ![]() “Obviously we don’t have an agreement, but the Senate is continuing to ensure we have affordability, produce new housing, protections for tenants, money to ensure there are lawyers for tenants who might be facing housing insecurity.”īut as labor and real estate interests continue a long and truculent negotiation over a wage deal that is seen as necessary to move the ball forward on a tax incentive for affordable housing, lawmakers have no plans to kick the issue outside of the budget. “Negotiations are moving along,” Senate Housing Chair Brian Kavanagh said. That pressure has made measures meant to protect tenants a priority. A third one will be considered as soon as Sunday.īut privately, lawmakers have said a housing deal is needed as many Democrats face primary challenges from their left flank in June. The Capitol became a veritable ghost town Thursday afternoon after lawmakers approved their second spending extension. ![]() Talks over the state budget are now stretching a week past their due date as education aid and how to address illegal cannabis shops also remain unresolved. “I think that’s where we’re headed,” he said. Hochul’s fellow Democrats in the Legislature agree the endpoint will likely include a mix of the key issues pushed by tenants and real estate interests.ĭeputy Senate Majority Leader Mike Gianaris told reporters Thursday the discussions have broadly centered around “a subsidy for affordable housing development partnered with a version of Good Cause.” Other major issues on the table include construction wages and affordable housing required under a new 421-a tax break, and how much rent-stabilized landlords should be able to raise rents after making apartment improvements. The three sides are working through complicated questions like where to set the effective cap on rent hikes, the size of buildings that would be covered and how long newer ones should be exempt, and whether high-rent apartments should be carved out, according to people familiar with the talks. Many specifics have yet to be finalized, like the parameters of “good cause”-esque tenant protections. They will not build if the conditions are not right for them.” Otherwise, I can’t force the private sector to build. It is factors out in the community,” she said. Later in the day to Capitol reporters, Hochul said differences remain between the various factions. But there’s been a lot of conceptual agreement on some key areas that are, I believe, are going to get us to the result we need.” “We’re still trying to structure the delicate balance. You’re building all the pieces here, but if you pull a piece out, it could result in the whole building collapsing,” she said. ![]() In an interview Thursday with Playbook, Hochul said the three sides are “in the home stretch of aligning on a really complicated housing deal.” But the devil is in the details. Real estate wants to roll back tenant-friendly rent laws, while tenant activists want to extend protections to a wider swath of apartments. Labor wants higher wages in a new housing tax break, while lawmakers want more low-rent units. The goals on housing have always sounded deceptively simple: expand available supply to drive down costs and help tenants at the mercy of an unforgiving rental market.īut the politics have been more than complicated. Kathy Hochul and state lawmakers.īut the governor and top Democrats in the Legislature insist they are close to an accord - one that will broadly offer support for renters while encouraging developers to build. Securing a statewide housing deal over the last two years has been a maze for Gov. | Mike Groll/Office of Governor Kathy Hochul Kathy Hochul and top Democrats in the state Legislature are saying they are close on a housing deal.
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