NY S05658

Establishes a New York City Housing Authority Repair Certificate Program where the City Planning Commission grants zoning amendments that increase allowable development density in exchange for capital repairs performed by developers on NYCHA projects.

Requires the City Planning Commission to establish per-foot values for repair certificates in each zoned area, updated annually based on the Consumer Price Index for housing costs in the New York City metropolitan area.

Creates an Office of Repair Certification within NYCHA to administer the program, establish eligible repair project lists with estimated values and priorities, and review developer applications and project plans within specified timeframes.

Mandates developers must complete agreed-upon repair projects to receive a Certificate of Completion from NYCHA, which triggers final approval of their zoning amendment application by the City Planning Commission.

Becomes effective 180 days after enactment, with authority for agencies to establish necessary rules and regulations immediately.