Nick Reisman reports for New York State of Politics that Gov. Kathy Hochul announced on June 2 that 24 landbanks across New York will receive nearly $26 million in funding to expand housing in the state. Hochul said, "New York's Land Bank Initiative has already allowed us to preserve, restore, and revitalize rundown properties across the state, and we are excited to be extending the opportunity this year.... This program will empower local nonprofits - the people that know their communities best - to help increase homeownership while repairing the fabric of their neighborhoods." Hochul had wanted to expand affordable housing throughout New York in the state budget with a plan to add 800,000 units over the next 10 years that was shot down by the legislature. Officials are hoping the money for the landbank plan will help create or preserve 100,000 affordable homes in New York. Read more about this story at New York State of Politics.