Gov. Eliot Spitzer outlined in his State of the State address today several housing proposals to keep younger New Yorkers from moving out-of-state.
Calling it "the biggest housing initiative in a generation," the governor proposed a $400 million Housing Opportunity Fund to build homes that teachers and police officers can afford. Some of the money would also go to developing housing for people with disabilities and special needs that enables them to live independently.
He is also calling for legislation to enhance anti-mortgage fraud laws and to amend foreclosure law to protect homeowners. For more information about Spitzer's mortgage initiatives, check out the story in Tuesday's Newsday.