The refinance share of mortgage activity decreased to 55.6% of total applications from 57.0% the previous week.
The plan is expected to produce roughly 4,350 income-restricted homes—enough to house more than 10,000 New Yorkers.
While environmental groups praised the law, natural gas and construction and home building trades organizations, including the New York State Builders Association and the AFL-CIO— railed against the all-electric mandate and filed a federal lawsuit to block the legislation from going into effect.
The New York State Legislature gaveled out in the early hours of June 4th, marking the end of Kathy Hochul’
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