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Sen. Michael Gianaris Amends Hotel Conversion Bill


Senate Deputy Majority Leader Michael Gianaris (Getty, iStock)
The state Senate is taking another shot at making it easier to convert distressed hotels and office buildings into affordable housing.
Lawmakers have amended a bill that would enable the state’s housing regulator to transform distressed hotels and office buildings into permanently affordable housing, which would then be managed by nonprofits. Such conversions were initially contemplated as part of the state budget, but the Gov. Andrew Cuomo’s proposal was panned by elected officials and housing advocates for overriding local zoning rules and not creating enough affordable housing.
Now, with 10 days left in the legislative session, lawmakers are racing to enact a new measure, dubbed the Housing Our Neighbors with Dignity Program. Senate Deputy Majority Leader Michael Gianaris, the bill’s sponsor, said in a statement that it’s a “top priority.” He pointed to the fact that the state’s budget incl ....

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