ALBANY, N.Y. — New York’s state budget is poised for another delay as backroom negotiations over a sweeping proposal to drive new housing construction continue to hold up the spending plan.
Housing has emerged as the major stumbling block in budget negotiations, with top officials trying to balance the demands of developers, tenants and labor to reach an agreement that will lead to more housing units. “I can’t force the private sector to build,” Hochul told reporters last week at the Capitol. “They will not do it if the conditions are not right for them. So, I have to look at that factor.”
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