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Healthcare New York Affordable Housing

Cozen O'Connor

New York State Passes FY25 Budget

Cozen O'Connor on

This weekend, state lawmakers passed the $237B FY25 state budget, reflecting an increase of $8B from FY24. The budget was passed more than two weeks after the deadline of April 1, and will be retroactively in effect from...more

Cozen O'Connor

FY25 New York State Budget Update

Cozen O'Connor on

Monday evening, Governor Hochul announced the “parameters of a conceptual agreement” on the budget. Some highlights of the announced $237B budget are below: Housing - •NYC - •New 485-a incentive to build housing and...more

Cozen O'Connor

New York Note – Legislative Session, Court of Claims, FEMA Funding

Cozen O'Connor on

The New York State Legislature has formally concluded session for 2023. Notably, the legislature and Governor Hochul failed to reach a compromise on the state’s affordable housing crisis. In the final hours of session, the...more

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