Paterson consolidates state housing groups

Governor David Paterson has announced the consolidation of all state housing agencies into one, single organization known as the New York State Homes and Community Renewal. Under the new umbrella organization, the state housing officials will be divided into three categories: finance and development, housing preservation and community renewal. In addition to streamlining the state’s regulatory housing groups, Paterson said he made the decision to consolidate the agencies in response to the state’s $9 billion budget deficit. “[The new organization] will increase transparency and efficiencies and strengthen our ability to improve the quality of life from one end of New York to the other,” Paterson said. TRD