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Housing supply ‘critical’ to economic growth

ALBANY, N.Y. (NEWS10) — This week on Empire State Weekly, lawmakers finalized the more than $200 billion state budget over 20 days after it was originally due. One of the big issues behind that delay was housing.

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Ruthanne Visnauskas, the Commissioner of Homes and Community Renewal with the state, explained the reasoning behind this year’s housing budget. Out of the $650 million going toward pro-housing communities, legislators allocated $500 million to build up to 15,000 new homes on state land.

As Visnaukas explained, housing supply ultimately helps the state economy overall. “When a company wants to grow and expand—which we certainly want for New York State; we’ve had tremendous job growth over the past ten years,” she said. “We’ve created over a million jobs in the…

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