CapCon: Housing deal hinges on tenant protections, CapCon Q&A with Senate Labor Chair Jessica Ramos
Plus, how Wall Street did last year and what the state health commissioner thinks about another COVID-19 review.
Good afternoon — it’s Tuesday, and the spring equinox.
TUESDAY, MARCH 19, 2024
TODAY’S CAPCON: A deal to expedite housing development in New York hinges on new protections for tenants. We look at the divide there; Ramos answers our questions in this week’s CapCon Q&A; State Health Commissioner James McDonald’s view on a COVID-19 review; and how Wall Street fared in 2023.
🔨 Is Tomorrow a Session Day? Yes.
☁️ Tonight’s Weather: Albany: Chance of snow, low 30s. New York City: Some clouds, low 40s. (National Weather Service)
🏠 Where Hochul and lawmakers differ on tenant protections
🔑 Leaders in the state Legislature have made no secret of their position on housing: if the state has a hand in expediting development this year, tenants must have new protections from eviction.
That’s what both Assembly Speaker Carl E. HEASTIE and Senate Majority Leader Andrea STEWART-COUSINS have told reporters over the last week.
That’s not a new position; lawmakers said they wanted new tenant protections in a housing package last year, but a deal was never struck.
Gov. Kathy HOCHUL has made it a priority for the state to encourage and incentivize developers to build hundreds of thousands of housing units over the next decade.
The plan she pitched last year had a goal of 800,000 new units by 2033.
And while Hochul and legislative leaders couldn’t agree on a housing deal last year, they think this year could be different.
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