On July 5, 2022, Governor Kathy Hochul signed a legislative package of three bills to further New York’s goal in decreasing greenhouse gas emissions and making clean energy accessible, affordable, and efficient. The bills will support the Climate Leadership and Community Protection Act’s goal in decreasing greenhouse gas emissions by 70 percent come year 2030 and 85 percent come year 2050.

The trust allows NYCHA to access new streams of revenue to help fund the renovations of 25,000 apartments. On Thursday, June 16th, 2022, Governor Kathy Hochul signed legislation which created the New York City Public Housing Preservation Trust. The Trust will give the New York City Housing Authority (NYCHA) access to new streams of revenue and will allow for necessary repairs to 25,000 apartments in NYCHA developments. These repairs have been deferred due to a … <Read More>

The new legislation allows hotels to house residents on a more permanent basis, specifically addressing the lack of available housing in New York City. On June 7, 2022, Governor Kathy Hochul signed into law New York State Senate Bill S4937C. This affordable housing law allows hotels that are already authorized as Class B hotels to rent rooms for permanent residence purposes. State Senator Brian Kavanagh and Assemblymember Steven Cymbrowitz sponsored this bill.