Prepandemic, we called out 2020 as the year of the homeowner. After the historic passage of the 2019 Housing Stability and Tenant Protection Act, which focused on renters, the next legislative session had to focus on homeownership.
Then Covid-19 hit. Anticipating budget negotiations that would result in support for large-scale equity-building opportunities for low-income and working-class New Yorkers, we were thrilled to see innovative proposals to create a new affordable cooperative program with a set-aside of $1 billion from the Assembly, and the creation of a community-land-trust acquisition fund with a set-aside of $50 million from the Senate. We thought for sure 2022 would be the year of
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