Albany Status Quo

Republicans appear to have kept their majority coalition in the State Senate and two close races on Long Island could give them a clear majority without help from the Independent Democratic Caucus. This may help achieve a workable renewal of development incentives such as 421a in 2017, but is unlikely to lead to major changes in housing policy. Another legislative election, in 2018, will occur before Rent Regulations are up for renewal or amendment again in 2019.