John,

New York State is in the midst of a housing crisis that has been decades in the making. 

Even though New York is the place where people and businesses want to be, too many can’t afford to live or move here. 

Over the last ten years, our state has created 1.2 million jobs — but only 400,000 new homes. 

Rent and home prices are skyrocketing. In the New York City metro area, rents have risen 30% since 2015 and home prices have risen 50%. Outside of New York City, rents have risen 40-60% since 2015, while home prices are up by 50-80%. 

That means young people can’t afford to start families here, grandparents can’t downsize, and businesses can’t find housing for their workers.   

We need to build more housing to make life easier and more affordable for New Yorkers. 

We have a plan to build 800,000 new homes across our state: The New York Housing Compact.

The New York Housing Compact will help spur the changes New York needs to create more housing, meet rising demand, and make our state a more equitable, stable, and affordable place to live.

>> If you agree New York needs the New York Housing Compact, sign up to show your support >>

John, together, we will tackle our housing crisis and create a brighter future for New Yorkers.

Ever Upward,  

Gov. Kathy Hochul