Gov. Kathy Hochul is pitching slashing red tape to cut housing developers a break as home prices rise.
Hochul (D) wants to streamline the environmental review process that all major developments must undergo in New York as a way to address complaints about affordability. She criticized the state law mandating the reviews as stymieing housing infrastructure during a Monday event with developers and local municipal officials.
“My belief is that if you build more, you have more supply naturally, it will suppress prices from going up,” Hochul said. “Sometimes they stabilize, and in some communities they actually go down. And ...