Housing Market

Governor Kathy Hochul’s proposed New York Housing Compact would oversee the building of 800,000 new housing units statewide over the next 10 years, especially downstate in Westchester County, New York City and Long Island.

Homes on Long Island were overvalued by more than 16% in the second quarter, according to Moody's.

A regional affordable housing plan for some of the wealthiest communities in Connecticut could allow towns to pay a fee and count housing units in neighboring towns toward their affordability goals, a move that critics say could worsen segregation.

The Community Preservation Fund is supported by a 2% tax on real estate transactions in the five towns that make up eastern Long Island.

It can take over nine years to get a housing voucher in Brookhaven on Long Island. The final stages of the impeachment inquiry into Governor Cuomo,…