Governor Kathy Hochul today signed new legislation (S.4937C/A.6262B) to create more flexible rules for converting underutilized hotel space into permanent housing. Governor Hochul signed the bills with Senator Brian Kavanagh, New York City Mayor Eric Adams, and housing and labor advocates.
“As New York’s housing crisis continues to impact families, we’re taking bold action, embracing innovative ideas and thinking outside the box to help ensure that New Yorkers can access safe, livable, and quality affordable housing,” Governor Hochul said. “This new law allows us to tackle the affordability crisis head-on and convert empty, underutilized spaces into homes. I thank Assembly Member Cymbrowitz and Senator Kavanagh for sponsoring this bill and taking this step to ensure that New Yorkers have a place to call home.”
“Converting underutilized hotel space into affordable housing will provide thousands of struggling New Yorkers an affordable home in locations that otherwise would have been inaccessible to them,” said Lieutenant Governor Antonio Delgado. “Creative solutions like this provide equity in housing and help families who are experiencing homelessness or instability.”
State Senator Brian Kavanagh said, “Allowing conversion of underutilized hotel space into affordable permanent housing represents another critical step we are taking toward ending the crises of unaffordable housing, evictions, and homelessness that have gripped New York for far too long. I thank Assemblymember Steve Cymbrowitz for his partnership in getting this bill through the legislature, Governor Kathy Hochul for her strong leadership and her commitment to delivering on the promise of ensuring that everyone has access to an affordable place to live, Mayor Eric Adams for his advocacy and for the work his administration is prepared to do to convert hotels to homes, President Rich Maroko and the Hotel Trades Council for embracing this cause and always fighting for good jobs, Ted Houghton of Gateway Housing for his expertise and tireless work to get this done, and the many providers of affordable housing and advocates for housing, homes and services for homeless New Yorkers, and sensible land use policies that balance the need for housing and economic opportunity, who all played a critical role in enacting this legislation.”