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(Albany, NY) Today, Senator Brian Kavanagh, Chair of the Senate Committee on Housing, Construction and Community Development announced details of the New York State Adopted Budget, which would provide $5.5 billion in capital investments and $2.5 billion in other expenditures for housing and related services, for a total of $8 billion benefitting renters, homeowners, and homeless New Yorkers.
The end of the year traditionally offers an opportunity both to take stock of the past 12 months and look ahead at what’s to come. Thanks to the ongoing economic and physical challenges of the coronavirus pandemic, 2021 was very challenging. New York’s affordable housing crisis has deepened and reached.