How will the New York Housing Compact affect the Finger Lakes?
Governor Kathy Hochul met with officials and elected leaders from the Rochester and Finger Lakes areas to discuss her plan to build 800-thousand homes in the state over the next decade.
Local leaders in attendance agreed their is a need for affordable housing in the area.
The housing compact was announced as part of the governor’s 2024 proposed executive budget.
Sarah Davis, Executive Director, Seneca County IDA said, “Housing quality, affordability, and availability is an economic development issue that greatly impacts our ability to attract and retain talent within our communities. We need creative, collaborative solutions to grow our housing stock and local economies, especially in rural communities that have not historically had the resources or support to tackle such a large-scale planning endeavor.”
Monroe County Legislator Mercedes Vazquez Simmons said, “I am thrilled to see an investment towards improving living conditions for members of our community. Safe, clean, and affordable housing is a basic necessity that many families continue to be denied. Thank you to Governor Kathy Hochul for your commitment to the City of Rochester and Monroe County.”