REBNY Statement on Governor Hochul’s State of the State Address Housing Proposals

REBNY President James Whelan released the following statement in response to Governor Kathy Hochul’s State of the State Address housing proposals:

“New York City needs far more rental apartments, particularly at lower rents – and it’s clear the private sector must continue to play a key role in producing it. We support Governor Hochul’s sensible proposals for addressing the city’s housing crisis by eliminating density limits so the City can rezone areas with good mass transit, pursuing commercial-to-residential conversions, and creating a new program that incentivizes the development of rental apartments and produces more affordable housing for New Yorkers."