It's the Brian Larry Show on WNYC.

Good morning again, everyone.

Governor Kathy Hokel joins us now with details of what she says is a conceptual agreement on the new state budget that could

have massive implications for affordable housing in New York State and a lot of other things.

We have about 10 minutes with the governor today.

So Governor Hokel, always good of you to come on with us.

Welcome back to WNYC.

Thanks, Brian.

Looking forward to our conversation.

A couple of things about housing to start. All I've seen so far is this language like preliminary

agreement and conceptual agreement. So can you give us any specifics, first of all, of the so-called

good cause eviction rent increase limits or the tax breaks that developers could get as part of a deal

for building how much affordable housing?

Well, Brian, as you mentioned, this is still a conceptual agreement.

All those specific details will be out, you know, within a matter of days, I believe.

But what that does is when I had that press conference, it signals that there is a handshake deal between myself, the speaker or the assembly and the majority leader of the Senate, that we're prepared to have them go back to their conferences and then bring to us, we'll settle on the final details. So all that will be out there, but I will say, we realize, and everyone

talks about this shortage of housing crisis and the fact that New York City has a 1.4%

vacancy rate, I knew the only way out, an economist know the only way out, is to build more

housing. And ultimately, the larger the housing supply you have, the better it is

for tenants because it starts driving down the prices, which right now are high because there's

a shortage of supply. So there's a lot of initiatives in there. We have incentives for the developers

to build because when that lapsed a couple of years ago,

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