Reported: Major Housing Policy Removed from State Budget Negotiations

Reporting has indicated that major housing policy is being removed from state budget negotiations as Gov. Kathy Hochul and state lawmakers have failed to come to an agreement on aspects of the proposed “Housing Compact” agenda and additional tenant protections such as “good cause” eviction. If major housing reforms remain excluded from the budget, they could still be addressed by the legislature before their June recess. Over these last several weeks, hundreds of REALTORS® from across the state have been voicing their concerns over “good cause” eviction, urging the governor and lawmakers to oppose the legislation. NYSAR continues to actively monitor the issue and engage state lawmakers along with our partnered coalition Homeowners for an Affordable New York.