State to Fund Hotel and Office Conversion to Low-Income Housing

The Housing Our Neighbors With Dignity Act was recently passed by the New York State Legislature. It will allow some distressed hotels to be converted into permanent low-income housing units. Sponsored by Senate Deputy Majority Leader Michael Gianaris and Assemblymember Karines Reyes, the bill allows the state to partner with nonprofit organizations to finance the acquisition and conversion of distressed hotels and commercial office space into low-income housing.