- Kathy Hochul announced events taking place in New York City on June 28, 2026.
- Kathy Hochul is driving housing plan investments in New York City, affecting neighborhoods like Harlem.
Hochul Supports Affordable Housing Plan for Brooklyn Megaproject
What happened
Governor Kathy Hochul supports a new affordable housing plan linked to the Atlantic Yards megaproject in Brooklyn. The plan promises to build lower-income units, and the state approval process is beginning, though the full public costs remain unknown. The project requires 1.6 million square feet of new bulk and at least $700 million to build a platform for vertical development over a railyard east of the Barclays Center.
From citylimits.org
Why it matters
This plan advances the Atlantic Yards megaproject in Brooklyn, which has faced long delays. The state's support for housing development in New York City could boost the overall housing supply in the area.
Kathy Hochul is currently driving housing plan investments in New York City, which affects neighborhoods like Harlem.
From citylimits.org
Who's involved
- Kathy HochulGovernor who supports the new affordable housing plan
- BrooklynBorough where the Atlantic Yards megaproject is located
- New York CityCity where the major housing development is taking place
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BrooklynSpeculative
Brooklyn might see increased housing supply due to state support for the Atlantic Yards megaproject.
- Real Estate Board of New YorkSpeculative
The Real Estate Board of New York could be affected by increased housing supply in Brooklyn, impacting the real estate market.
Keep exploring
The entities involved
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Kathy Hochul
57th Governor of New York since 2021
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Manhattan
borough of New York City, New York, United States
Related events
- Hochul's administration commits to funding a project that links Brooklyn and Queens via an Interborough Express.
- Hochul's office is now managing the state's housing fund as part of the announced New York State Housing Plan.
- Hochul announced the completion of a housing development targeting Long Island.
- Men from Brooklyn staged crashes in NYC, while Hochul highlighted reform measures in New York.
- Kathy Hochul praised a new development project located on the border of Brooklyn and Williamsburg.