Taking Executive Action on Housing

Taking Executive Action on Housing

Addressing the Housing Crisis

New Yorkers agree; housing has gotten too expensive. For decades, New York has not been able to build nearly enough housing for everyone who wants to call New York home. The housing shortage is not only driving rents, home prices, and other housing costs to record highs — it’s keeping workers and families from achieving the New York Dream.

Governor Kathy Hochul has laid out a bold vision to address New York’s housing crisis by increasing the housing supply, and she remains committed to working with the Legislature to make the State more affordable and more livable for all New Yorkers.

How We Got Here

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new homes needed in the next 10 years to meet rising demand

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increase in average rent in New York City since 2015

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At least 50%

increase in home prices outside of New York City since 2015

July 2023

Governor Hochul is Taking Action

New York's housing crisis isn't going away, and I'm committed to doing everything in my power to make New York more affordable and livable for all.”

Governor Hochul

New York Housing Action Plan

More Information