New York State has one of the highest costs of housing in the country. And yet with those high housing costs, meaning there’s demand to live here, we do not build enough homes and apartments, particularly near transportation. If we do not bring housing costs down, we cannot deliver on a great future for New York.
What We’ve Accomplished
In the 2021 budget, we successfully provided hundreds of millions in funding for NYCHA and for public housing throughout the state. We also provide millions in rent subsidies to help keep people in their homes. In 2019, we passed the Housing Stability and Tenant Protection Act that fundamentally changed the balance of power between tenants and landlords. We ended the erosion of rent-stabilized apartments in the State, expanded regulations beyond New York City, and limited security deposits to just one-month among a number of changes.
Where We Need to Go
We must take steps to increase the supply of homes in New York, of all kinds, to reduce rent burdens, increase home ownership, and allow families to live near their jobs. We should legalize accessory dwelling units, legalize basement apartments, and legalize single room occupancy housing. We must also take steps at the state level to increase density near transit and ensure that zoning laws are not used as de facto redlining. And we must take more steps to ensure that seniors are protected from predatory actors who remove them from their homes.