Mayor of a rich New York suburb says wealthy communities 'are losing their minds' over Gov. plan to

increase housing

New York Gov. Kathy Hochul wants to address her state's severe housing shortage by building more housing.

But many of the wealthiest suburban communities around New York City aren't having it. Leaders and activists in towns and villages from Westchester to the Hamptons are denouncing Hochul's plan to boost the housing supply in New York City and its suburbs by 3% over the next decade.

Hochul's New York Housing Compact would start to address the state's skyrocketing home prices and rents, aiming to build 800,000 new units and creating density, particularly near train stations, over the next 10 years.

The mayor of Bronxville Village, an affluent town just north of New York City in Westchester County, recently told Bloomberg News that she's been communicating with 30 mayors of other small suburban communities in the state who oppose Hochul's plan.

https://www.msn.com/en-us/money/realestate/the-mayor-of-a-rich-new-york-suburb-says-wealthy-communities-are-losing-their-minds-over-gov-kathy-hochul-s-plan-to-increase-housing/ar-AA19MDxR