Lawmakers in New York were close to reaching an agreement on extending the 421a construction deadline and passing good cause eviction legislation, but Governor Kathy Hochul did not approve the deal. Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie stated that they had worked towards a plan that included these policies, along with other housing-related measures. However, due to the governor’s refusal to sign off on it, progress was halted.
In response to this narrative from legislators, “Unfortunately it was clear we could not come to an agreement with the governor on this plan,” a statement issued by both leaders said: “There is no debate: New York is experiencing a housing crisis. All three chambers must immediately redouble our efforts and come up with a plan that the governor will sign into law.”
Hochul’s office then released their own statement saying: “To be clear: Unlike more than 500 bills passed since January by legislature for review of governors’, no housing package was ever even introduced or passed for such review.” They continued stating “Absolutely nothing stood in legislature’s way”.
The failed deal also aimed at increasing rent caps for renovations of rent stabilized apartments as well as extending 421a property tax break which expired June 2022 .
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