New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance

… Some New York City renters could gain a path to buying their apartments under legislation passed in the … month The budget lowers the number of renters or wouldbebuyers that would need to agree to convert some newer large … back the old 15 percent margin for certain properties Still most NYC buildings arent eligible to go condo under the new …

By Celia Young |May 22, 2025 - 10:30AM