A pandemic-era program aimed to facilitate hotel and office to affordable housing conversions. After a slow start, and numerous financing and design challenges, its first project is opening in Queens.
When COVID-19 hit, policymakers saw an opportunity: The city had interconnected affordable housing and homelessness crises; the city also had hundreds of empty hotels hemorrhaging cash. But a year after…
The Assembly’s Housing Committee is scheduled to vote on a measure Tuesday morning that would unlock $100 million in state funds to purchase unused hotels and convert them into affordable…
