New York is at an Affordable Housing Crossroad

Wed May 12 2021 04:00:00 GMT+0000 (Coordinated Universal Time)

Last month, the state’s new $212 billion budget set aside $100 million toward turning commercial properties into permanent affordable housing. That potentially paves the way for a measure introduced by Sen. Michael Gianaris allowing the state to acquire and convert distressed hotels and offices into housing for homeless New Yorkers and those earning up to 50 percent of the area median income .