NY Strikes ‘Landmark’ Budget Deal to Tackle Housing Crisis (1)

New York lawmakers agreed to the most sweeping changes in New York housing policy in years in a $237 billion budget deal, Governor Kathy Hochul said Monday.

The tentative spending plan — described cautiously by the governor as the “parameters of a conceptual agreement” — includes a tax break for affordable-housing construction alongside new restrictions on evictions and rent increases for market-rate renters. Details of the budget, which was originally due April 1, are subject to change before final approval.

“Taken together, these new measures represent the most comprehensive housing policy our state has seen in three generations,” Hochul said. ...