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 whopping $254 … agree to convert some newer large apartment buildings from rental to condo Its one of a handful of initiativesincluding … $50 million in funding to help wouldbebuyers make a down payment despite both the state legislature and assembly …

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