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Old 08-17-2021, 02:24 PM
 
Location: Manhattan
8,945 posts, read 4,813,658 times
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https://astoriapost.com/state-to-est...r-the-homeless

The state is establishing a fund in order to buy economically-distressed hotels and convert them into permanent housing for the homeless and people in need.

Gov. Andrew Cuomo signed into law Friday a bill called the “Housing Our Neighbors with Dignity Act” (HONDA), which calls for the creation of a fund to be used by the state to buy financially distressed hotels and commercial properties and convert them into permanent housing for vulnerable New Yorkers.

The bill was sponsored in the State Senate by Queens legislator Michael Gianaris.

The properties, once purchased and converted into permanent housing, would then be operated by non-profit housing providers, according to the new law.

Gianaris said that the new law would ease the city’s affordable housing crisis and help property owners with vacant buildings.
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