ALBANY, N.Y. — New York Governor Kathy Hochul signed a legislative package Thursday to strengthen homeownership and protections for renters.

According to Governor Hochul, the homeowner package will make homeownership more attainable through tax incentives and laws that combat home appraisal discrimination. The renters package aims to help tenants across the state by extending protections on security deposits, limits on excessive fees for bounced checks, and banning collusion using algorithm-enabled rent price fixing.

"Every New Yorker deserves a safe, stable place to call home," said Governor Hochul in a release. "With this legislation, we’re opening more doors to homeownership and strengthening protections for renters — because every New Yorker deserves the fair chance to build a better

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