Sen. Brian Kavanagh to chair NY Senate housing committee

Sen. Liz Krueger to lead the finance committee

TRD New York /
Dec.December 11, 2018 11:27 AM

Brian Kavanagh and Liz Kreuger (Credit: Getty Images)

Sen. Brian Kavanagh will lead the New York State Senate’s standing committee on housing, construction and community development, according to sources.

As committee chair, Kavanagh is likely to play a pivotal role in determining the fate of bills related to housing policy for the state and New York City. He assumes the role from Republican Sen. Betty Little.

Elected in 2017, Kavanagh told The Real Deal last month to “expect decisive action” on how the state’s new Democractic majority would approach a variety of housing issues in the upcoming session.

“Everyone can expect that we will have a very strong effort to strengthen the rent laws to protect tenants,” he said ahead of Democratic Conference Leader Sen. Andrea Stewart-Cousins’ appointment of the committee heads. The state’s rent stabilization laws are set to expire in June.

Long-standing member of the housing committee and a senator since 2002, Liz Krueger was appointed chair of the Senate Finance Committee. The finance committee could review bills including the so-called LLC loophole, which allows virtually unlimited donations to state lawmakers via the shell corporations.

Neither Kavanagh, who represents lower Manhattan and western Brooklyn, or Krueger were available for comment as of Tuesday morning.

Related Articles

With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Paul Volcker (Credit: Getty Images)

Paul Volcker, Fed Chair who infuriated real estate, dies

Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

Redwood Trust’s CEO Christopher J. Abate (Credit: iStock)

Wall Street is collecting rent payments

From left: 1407 Broadway, 805 Third Avenue and 195 Broadway (Credit: Google Maps)

These were the 10 largest Manhattan real estate loans in November

Jay Kriegel (Credit: Kent Presents)

Jay Kriegel, Related senior adviser and ex-mayoral chief of staff, dies