Housing Crisis in New York: Lawmakers Fail to Reach Deal on Tenant Protections.
Lawmakers in New York failed to reach an agreement on extending the 421a construction deadline and passing good cause eviction due to Governor Kathy Hochul's refusal to sign off on the deal. The failed deal also included legislation to facilitate commercial-to-residential conversions, a state-based housing voucher, and other housing-related policies. The lawmakers emphasized the need for affordable housing construction and robust tenant protections. Without an extension, up to 32,000 planned apartments may not be built, according to the Real Estate Board of New York.