Governor Kathy Hochul today signed a legislative package to bolster homeownership and strengthen protections for renters. The homeowner package will make homeownership more attainable through tax incentives and strengthens laws and policies to combat home appraisal discrimination. The renters package will strengthen protections for tenants statewide including extending protections on security deposits, limits on excessive fees for bounced checks, and banning collusion using algorithm-enabled rent price fixing used to inflate rents.

“Every New Yorker deserves a safe, stable place to call home,” Governor Hochul said. “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 b

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