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Kathy Hochul: “We committed over $25 billion to build over 100,000 more…”

Featuring: Kathy Hochul, Democratic | Governor of New York

Governor Hochul Initiates Tax Cuts for Penn South Residents

Published October 14, 2025 | Video Starts at 07:57

That's not how you open up the doors so your own children can live in the community that they were raised in. This is what our fight has been. So we're going to keep building. We committed over $25 billion to build over 100,000 more units. And we're going to hit that target. And also we've made sure that we could cut taxes for people who live in New York City, Mitchell Lama Developments. (07:57–08:02)

CLAIM

Asserts that New York has committed over $25 billion to build over 100,000 housing units.

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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Kathy Hochul

“A family earning $70,000 can own a beautiful two-bedroom unit for $150,000 [at Penn South].”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 02:38-02:44
“We've cut middle class taxes to the lowest rate in 70 years for people with families.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 05:39-05:46
“Free meals in all schools across the state. Breakfast, lunch, so you don't have to pay for that.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 06:05-06:12
“New York City proudly boasts 100,000 Mitchell Lama units and 2,820 at Penn South.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 01:40-01:49
“Since becoming governor, my priority is to try to make New York a more affordable place to live.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 03:42-03:49
“We've increased the tax credit from zero for ages infant to 4 years old to $1,000 for family.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 05:51-05:59
“Saving about $1,600 per child per year [with free meals in schools].”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 06:37-06:46
“Inflation rebate checks upwards of $400 are showing up now, October and November.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 06:56-07:02
“We've made sure that we could cut taxes for people who live in New York City, Mitchell Lama Developments.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 08:04-08:12
“It saved residents there $50 million with those taxes.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 08:11-08:16
“I'm signing a bill authorizing the city to extend the same tax cuts to Penn south.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 08:35-08:43
“This could result in savings upwards of $500 in tax savings for every household in Penn South.”
Governor Hochul Initiates Tax Cuts for Penn South Residents | Uploaded October 14, 2025 | 09:13-09:22