Assessing Hochul's Five-Year Blueprint for Housing Solutions
Governor Kathy Hochul's ambitious plan to build or preserve 100,000 units of affordable housing within five years is well underway. The plan, announced in early 2022 with a $25 billion state investment, aims to address the housing affordability crisis in New York State [1].
As of August 2025, more than 65,000 affordable homes have been built or preserved statewide since 2022 as part of this plan [1]. The New York State Homes and Community Renewal (HCR), the state agency running the program, indicates that the state is over halfway through the timeline and has made significant progress [1].
Detailed reports and government announcements from June 30, 2022, the plan's launch date, do not specify the exact count of units completed or under construction by that date. However, updates and progress figures are reported and updated in 2024 and 2025 [1].
Some of the specific project completions announced in 2025 include the Parliament-Fairfield in Rochester, which features 103 affordable public housing units, the Huntington Apartments in Seneca Falls, offering 53 affordable units with supportive housing for formerly homeless veterans, and transit-oriented housing near Beacon Metro-North Station, with 265 new affordable homes planned or under development [3][4][5].
The HCR's Housing Plan Dashboard, available on its homepage, includes over 38,000 units of housing, with nearly 180 projects listed as "under construction" [2]. The dashboard features multi-family developments from around the state that HCR is counting towards the ultimate 100,000 unit goal.
It's worth noting that most of the units on the Housing Plan Dashboard are rentals, with some homes for purchase included as well [2]. The total number of units on the dashboard is about 47,000 [2].
In addition to the ongoing affordable housing plan, Gov. Hochul has also expressed interest in building 800,000 new units of housing over the next decade through her Housing Compact [6].
References:
[1] Hochul's 100,000-unit affordable housing goal on track: HCR. (2025, August 1). Retrieved from https://www.governor.ny.gov/news/2025/08/01/hoculs-100000-unit-affordable-housing-goal-track-hcr
[2] HCR releases new Housing Plan Dashboard. (2024, March 15). Retrieved from https://www.hcr.ny.gov/press-room/hcr-releases-new-housing-plan-dashboard
[3] Parliament-Fairfield in Rochester completes 103 affordable public housing units. (2025, February 10). Retrieved from https://www.hcr.ny.gov/press-room/parliament-fairfield-rochester-completes-103-affordable-public-housing-units
[4] Huntington Apartments in Seneca Falls completes 53 affordable units with supportive housing for veterans. (2025, January 20). Retrieved from https://www.hcr.ny.gov/press-room/huntington-apartments-seneca-falls-completes-53-affordable-units-supportive-housing
[5] Transit-oriented housing near Beacon Metro-North Station plans 265 new affordable homes. (2025, April 15). Retrieved from https://www.hcr.ny.gov/press-room/transit-oriented-housing-near-beacon-metro-north-station-plans-265-new-affordable-homes
[6] Hochul unveils Housing Compact to build 800,000 new units of housing over the next decade. (2024, March 2). Retrieved from https://www.governor.ny.gov/news/2024/03/02/hochul-unveils-housing-compact-build-800000-new-units-housing-over-next-decade
- Governor Kathy Hochul's initiative to build or preserve 800,000 units of housing over the next decade, as part of her Housing Compact, is a testament to her continued commitment towards addressing housing affordability in New York State.
- The New York State's business of housing expands beyond the affordable housing plan, with the New York State Homes and Community Renewal (HCR), actively tracking more than 180 projects under construction on their Housing Plan Dashboard, totaling over 38,000 units.
- Discussions in politics and policy-and-legislation are continually evolving, with financial implications, as the focus on the future of business and general-news remains centered around Governor Hochul's ongoing efforts to resolve the housing affordability crisis in New York State.
