New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance

An individual or family, regardless of immigration status, may be eligible for the voucher if they are homeless or facing homelessness and earn less than 50 percent of the area median income ($77,650 for a family of four in New York City). (Photo by Adi Talwar) This article was originally published in English on May 16. Translated by Daniel Parra. Read the English version here.

New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance

Some New York City renters could gain a path to buying their apartments under legislation passed in the whopping $254 billion New York state budget last month. The budget lowers the number of renters or would-be-buyers that would need to agree to convert some newer, large apartment buildings from rental to condo. It’s one of a handful of initiatives—including a new statewide housing voucher program—that could have major impacts on NYC housing in…