Close Menu
Global News HQ
    What's Hot

    My favorite USB-C accessory just got even better with a built-in power meter – and it's only $20

    July 16, 2025

    Partners Group Holding AG (PGPHF) Q2 2025 Earnings Call Transcript

    July 16, 2025

    Tornado Cash Trial Day 2: Prosecution And Defense Tell Different Stores About Roman Storm

    July 16, 2025
    Recent Posts
    • My favorite USB-C accessory just got even better with a built-in power meter – and it's only $20
    • Partners Group Holding AG (PGPHF) Q2 2025 Earnings Call Transcript
    • Tornado Cash Trial Day 2: Prosecution And Defense Tell Different Stores About Roman Storm
    • More Power for Trump After Supreme Court Ruling | Law.com
    • The Complete Guide to PEX Pipe
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • My favorite USB-C accessory just got even better with a built-in power meter – and it's only $20
    • Partners Group Holding AG (PGPHF) Q2 2025 Earnings Call Transcript
    • Tornado Cash Trial Day 2: Prosecution And Defense Tell Different Stores About Roman Storm
    • More Power for Trump After Supreme Court Ruling | Law.com
    • The Complete Guide to PEX Pipe
    • 24 Best Bars in Los Angeles, From Agave Cellars to Hollywood Haunts
    • U.S. earmarks $1B for ‘offensive cyber operations’ despite broader efforts to slash cybersecurity spending
    • Room Request! Salt Cottages
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Real Estate - Hochul says state budget to include $50M for housing vouchers
    Real Estate

    Hochul says state budget to include $50M for housing vouchers

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Hochul says state budget to include M for housing vouchers
    Share
    Facebook Twitter LinkedIn Pinterest Email


    After years of garnering support from both landlord and tenant groups, a state-based housing voucher program is expected to be included in the state budget. 

    During a press conference on Tuesday announcing a “general agreement” on the state’s fiscal year 2026 budget, Gov. Kathy Hochul, who has resisted supporting the program, told reporters that she and the legislature are considering allocating $50 million for housing vouchers. Though a conceptual budget deal was announced Monday — nearly a month late — the governor and lawmakers are still hashing out details.  

    “As Governor Hochul said, $50 million is the potential investment currently being looked at for possible inclusion during the final days of budget negotiations,” a spokesperson said in a statement. “Further details will be available when budget bills are printed in the coming days.”

    That’s $200 million short of the amount sought by the Democratic majorities in the Senate and Assembly for the Housing Access Voucher Program, or HAVP, which would serve families or individuals who are homeless or in imminent danger of losing their homes. But inclusion of the funding represents a significant shift for Hochul, who previously dismissed the program as too expensive. 

    The proposed program was rare common ground between landlord and tenant groups. The Real Estate Board of New York was part of a coalition led by Win, a nonprofit that provides emergency shelter and supportive housing in the city, that advocated for the program. 

    Christine Quinn, president and CEO of Win, called the funding a “monumental step forward in the fight to end homelessness.”

    The New York Apartment Association’s Jay Martin thanked the governor and legislature for including the voucher program, but said he was disappointed that the budget didn’t include more funding for it. He said the money allocated would likely only help a few thousand renters. 

    A 2024 report by Win projected that HAVP, if funded at $250 million, could serve 12,457 households. The group estimates that the vouchers will support 5,749 people per year under the current funding.   

    “As we frequently point out, lawmakers must work with the actual owners and operators of housing when crafting policy,” Martin said in a statement. “We hope they will consult us in the implementation of HAVP to make sure this is a success from which we can build.” 

    It is unclear what ultimately swayed Hochul on HAVP. 

    Sen. Brian Kavanaugh, who sponsored the bill creating the voucher program, told TRD in January that he was hopeful that the program would be approved this year. At the time, he pointed to the governor’s commitment to fighting child poverty and the fact that the state’s Child Poverty Reduction Council issued recommendations in December that included creating a state voucher program. Looming federal funding cuts to housing programs may have also played a role. 

    During Tuesday’s speech, Hochul touted last year’s budget for including “the most significant housing policy for New York in half a century.” This year’s $254 billion spending plan was markedly meager in the housing policy department. The budget includes $1 billion to support building and preserving housing in New York City over the next five years. The funding was pledged in order to secure City Council approval for zoning changes under City of Yes for Housing for Housing Opportunity.  

    The governor said the budget also includes a measure that bars institutional investors from bidding on single- and two-family homes for the first 90 days on the market. That follows the Assembly’s proposal, which raised the waiting period from the 75 days originally pitched by the governor.

    Read more

    Housing deal finally passes; here are the details





    Source link

    Housing Access Voucher Program
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleBlurry Vision: A Comprehensive Guide
    Next Article West Nile Virus: What It Is and How to Treat It

    Related Posts

    Trump adminstration accuses another political opponent of mortgage fraud: Adam Schiff

    July 15, 2025

    Berkadia lost over $24M from Mordechai Weiss’ alleged fraud: lawsuit

    July 15, 2025

    A Jane Street One-Bed With a Key to a Private Garden for $990,000

    July 15, 2025

    Rainbeau de Roos Makes Surprising Declaration to a Producer About the Crew’s $27.5K Tip | Bravo

    July 15, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Technology & Gadgets
    3 Mins Read

    My favorite USB-C accessory just got even better with a built-in power meter – and it's only $20

    ZDNET’s key takeaways This two-pack of USB-C magnetic breakaway connecters is available on Amazon for…

    Partners Group Holding AG (PGPHF) Q2 2025 Earnings Call Transcript

    July 16, 2025

    Tornado Cash Trial Day 2: Prosecution And Defense Tell Different Stores About Roman Storm

    July 16, 2025

    More Power for Trump After Supreme Court Ruling | Law.com

    July 16, 2025
    Top
    Technology & Gadgets
    3 Mins Read

    My favorite USB-C accessory just got even better with a built-in power meter – and it's only $20

    ZDNET’s key takeaways This two-pack of USB-C magnetic breakaway connecters is available on Amazon for…

    Partners Group Holding AG (PGPHF) Q2 2025 Earnings Call Transcript

    July 16, 2025

    Tornado Cash Trial Day 2: Prosecution And Defense Tell Different Stores About Roman Storm

    July 16, 2025
    Our Picks
    Technology & Gadgets
    3 Mins Read

    My favorite USB-C accessory just got even better with a built-in power meter – and it's only $20

    ZDNET’s key takeaways This two-pack of USB-C magnetic breakaway connecters is available on Amazon for…

    Finance & Investment
    2 Mins Read

    Partners Group Holding AG (PGPHF) Q2 2025 Earnings Call Transcript

    Partners Group Holding AG (OTCPK:PGPHF) Q2 2025 Earnings Conference Call July 15, 2025 12:15 PM…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version