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FOR IMMEDIATE RELEASE: January 21, 2025

“With a new administration in Washington, this year’s New York state budget is the most critical in generations. Gov. Hochul has delivered a plan that will make crucial investments in infrastructure, housing, energy, and economic and workforce development. In fact, the executive budget announced this afternoon much resembles the 2025 Policy Agenda we will release Thursday at our Annual Meeting.

With our number one priority ensuring a reauthorization of the Bipartisan Infrastructure Law, we were thrilled to see the state take initiative in the meantime to provide a $101 billion investment in the state’s five-year capital plan.

On housing, the Building Congress will push for inclusion of the proposed $100 million infrastructure fund for Pro-Housing Communities, seed money for a mixed-income revolving loan fund and a doubling of the Low-Income Housing Tax Credit program. We are still in a housing crisis and the wins of last year are not enough to solve it – we must remain diligent.

We echo the Governor’s call to invest in another 500 megawatts of renewable energy while creating 9,000 union jobs and reducing emissions.

For these and so many more high-priority investments, we encourage the Legislature to follow the Governor’s lead – and the Building Congress looks forward to parking ourselves in Albany this session to ensure that our industry has the tools we need for a stronger, safer, smarter and greener New York.”  – Carlo A. Scissura, Esq., President & CEO of the New York Building Congress

 

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Published on

Jan 21, 2025

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