Everyone who cares about making housing affordable should be excited by this historic announcement. We finally have a Governor who understands just how serious the housing crisis has become in all regions of the state. Building affordable housing is one of the most effective economic development strategies available to government. [Ted Houghton, SHNNY]

It seems the press has not been that excited. Instead, Spitzer’s proposal for a $400 million Housing Opportunity Fund seems to have been met with a collective yawn. Too bad – if the state Senate can be convinced o sign on (a big if), this would be the biggest investment in affordable and supportive housing in more than half a century.

[Nice work, Ted.]