“Affordable housing is critical to building strong communities and this law is a major opportunity for New York City. Vacant and underutilized hotels should be leveraged to address the city’s housing crisis, and this new law can result in more affordable homes for New Yorkers. I thank Majority Leader Stewart-Cousins, Speaker Heastie, Senator Kavanagh, Assembly Member Cymbrowitz, and members of the State Legislature for passing this legislation, and Governor Hochul for signing it into law.”