Last Tuesday, Hochul laid out the broad strokes of her policy priorities, which include a new incentive for multifamily development and an extension to the construction deadline of the old one, 421a.
The governor said she wants to test the legislature's stated demand for local control by allowing the city to control its rules for housing development. That, combined with the phrasing of her State of the State book, indicated that she wants to let the city offer a 421a-like benefit and/or allow the city to shape one that the state would pass.
#new-york #governor-kathy-hochul #mayor-eric-adams #executive-budget #financial-plan #421a-program #housing-development #good-cause-eviction
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