New York state leaders are grappling with a housing crisis by proposing a mix of new and old ideas. Among them is the revival of a 1950s program, Mitchell-Lama, which aimed to create affordable housing. The new version, dubbed “Mitchell-Lama 2.0,” would involve forming a public benefit corporation to finance developments on state-owned land. Additionally, proposals include tax breaks for developers with stricter affordability requirements, tenant protections like “good cause eviction,” and encouraging construction of larger residential buildings and basement units. The goal is to address the housing shortage and affordability issues while navigating political divisions and stakeholder interests.

https://www.nytimes.com/2024/03/11/nyregion/housing-crisis-new-york-senate-mitchell-lama.html