New York’s housing plan delivers record-breaking progress
On May 5, 2026, New York Governor Kathy Hochul announced record-breaking progress toward the state’s five-year housing goal, with more than 22,000 affordable homes created or preserved during Fiscal Year 2025-26. This marks the highest single-year production for Hochul’s five-year housing plan.
New York State Homes and Community Renewal has financed the creation or preservation of more than 81,000 affordable homes over the first four years of the housing plan, putting the state on track to meet its goal of 100,000 affordable homes ahead of schedule.
“New York is tackling the housing crisis head-on by building more homes, faster and making our state more affordable for families,” said Hochul. “This record-setting year complements my Let Them Build initiative and shows what’s possible when we combine smart policy with strong investment. We’re going to keep pushing forward to ensure that every New Yorker has access to a safe, affordable place to live.”
