New York State
Federal Court Upholds New York State’s Gas Ban Law
The court also ruled that New York’s prohibition on the installation of fossil-fuel equipment does not concern the “energy use” of covered products as defined by EPCA and is therefore not preempted.
NYS Budget Heavy on Housing Funding, Includes Some Reforms
Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
NY Metro Region Secures More Than $92 Million in Funding for Affordable Housing Projects
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
New York State Senate Advances Affordable Housing Bill Package Including Incentives for First-Time Homebuyers
One bill establishes the New York State first home savings program to allow first-time homebuyers to open saving accounts that would be eligible for personal income deductions.
Governor Hochul Proposes Ambitious Housing Agenda; Calls for $5B in Taxpayer Rebates, Credits to Foster Affordability
Gov. Hochul said the current limit of $10,000 on state and local taxes in New York State costs New Yorkers up to $12 billion a year.
Report: Wall Street's 2024 First Half Profits of $23.2B Were 79.3% Higher Than Last Year
New York continues to be the nation’s financial capital with more than twice as many securities industry jobs as its closest competitor California (102,100) in 2023.
New York State Certifies 31 New Climate Smart Communities
To achieve Climate Smart Community certification, local governments accumulate points for planning and implementing actions that reduce greenhouse gas emissions and improve community resilience in the face of worsening impacts of climate change.
More Than 300 Municipalities Apply for Pro-Housing Community Certification to Unlock Up to $650 Million in Funding
The scoreboard for the Mid-Hudson region is that a total of 39 municipalities have submitted letters of intent and 19 others have been certified as a “Pro-Housing Community.”
NYS DEC Officials Detail Proposed Freshwater Wetlands Regulation Changes and Impacts on Development
The changes of particular concern and interest to the ABG and its members are the proposed reduction in freshwater wetlands protection from the current 12.4 acres to 7.4 acres.
NY State Funding Will Allow Second Avenue Subway Project to Continue During Congestion Pricing Pause
The capital funding provided to the Metropolitan Transportation Authority will be earmarked towards the utility relocation contract for Phase 2 of the expansion project, which will deliver subway service to residents of East Harlem.
New NYS Deed Theft Law Now in Effect
Under previous law in New York State, deed theft itself was not a crime.
Out Migration Has a Heavy Cost for NY State and Hudson Valley
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.