Gov. Cuomo, Legislature Deadlocked on $2B Affordable Housing Plan for New York

Plans to develop nearly 3,000 units of affordable housing across New York have been put in jeopardy because Gov. Cuomo and legislative leaders failed to reach an agreement on how to spend $2 billion they put in the budget this year for new housing, advocates charged.

In a survey of developers and housing agencies, the New York State Association for Affordable Housing found that 2,935 units of affordable housing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $2 billion before the Legislature’s session ended last month.