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Kathy Hochul: “I'm changing the law to take away the inherent advantage…”

Featuring: Kathy Hochul, Democratic | Governor of New York

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Governor Kathy Hochul's Address on Housing Initiatives in Syracuse with Mayor Ben Walsh

Published | Video Starts at 15:43

Turned down after, turn down after. All these houses they look at and they're. They make an offer on and they're being beat out by these huge corporate interests. And so I'm changing the law to take away the inherent advantage [private equity firms] have and saying you have to wait 90 days if you're going to bid on a one or two family home. That's how you give an advantage to our people. Our first time homebuyers. So back in January, I made a vow. I said, your family is my fight. (15:43–15:54)

CLAIM

Asserts that the law is being changed to require private equity firms to wait 90 days before bidding on one or two family homes.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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