WHAT MUNICIPALITIES NEED TO KNOW ABOUT THE AFFORDABLE HOUSING INITIATIVES INCLUDED IN THE NYS BUDGET
In its Fiscal Year 2024 Budget, New York State passed significant measures expanding access to affordable housing across the State, moving the ball forward on Governor Kathy Hochul’s ambitious plan to “make the Empire State a more affordable, more livable, safer place for all New Yorkers.” These measures include tax exemptions for creating affordable housing, protections against insurance discrimination for affordable housing property owners, and support for developing [...]