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NY S04845
Bill
Status
4/26/2013
Primary Sponsor
George Latimer
Click for details
AI Summary
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Establishes definition of "mixed-use age-integrated housing" as developments combining residential units, commercial space, and/or services for multi-age populations, requiring at least 30% of units for persons age 60 or older and at least 10% of units affordable to those earning 60% or less of area median income.
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Authorizes cities, towns, and villages to offer density increases of at least 10% in exchange for developers setting aside at least 10% of residential units for age-integrated housing, or alternatively to collect reasonable fees into trust funds for senior services including transportation, meals, and home health care.
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Requires cities, towns, and villages to adopt local laws specifying implementation of incentive programs prior to offering density increases or other developer incentives.
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Permits counties, cities, towns, villages, and school districts to grant real property tax exemptions on mixed-use age-integrated housing, with exemptions declining from 50% in years 1-3 to 5% in year 10, computed only on the increase in value from new construction.
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Directs the State Office for the Aging and Department of State to prepare model zoning and planning guidelines for age-integrated communities and recommend demonstration projects to the governor and legislature.
Legislative Description
Authorizes cities, towns and villages to establish mixed-use age-integrated communities by permitting the development of sites to combine residential units, commercial space and/or services for a multi-age population; 30% of such residential units shall be for persons 60 years of age or older, and at least 10% thereof shall be affordable by persons at 60% or less of the area median income; authorizes, cities, town and villages to grant incentives for the construction of such communities; grants a real property tax exemption for such housing.
Last Action
REFERRED TO CITIES
1/8/2014